From: Betty L. Smith (blsmith@topaz.northcentral.edu)
Date: Fri Feb 16 2001 - 13:32:36 EST
North Central University is a private, 4-year university. The
University offers many tuition discounts to enrolled students,
including discounts to employees, employee dependents and to
dependents of members of our Board of Regents.
The discounts offered to employees and dependents of employees are
not taxed based on clearly published guidelines in IRC #117.
However, I cannot find regulations that address the taxable or
non-taxable nature of the discounts offered to dependents of our
Board of Regents. Members of our board are not employees of the
university.
Can anyone provide me with assistance on this?
Thanks so much.
***********
Betty Smith
North Central University
Director of Accounting
612-343-4417
***********
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