The March 2017 Faculty Spotlight features Dr. Valrie Chambers, Associate Professor of Accounting, who will speak on her summer research, “Potential Tax Implications of NCAA Family Travel Allowances.”
Date: Thursday, 3/30/17
Time: 12:00 pm- 1:00 pm (lunch available at 11:30)
Location: Library 25 L
All are welcome!
Please RSVP at this link for lunch.
Potential Tax Implications of NCAA Family Travel Allowances.
Universities are under fire for their allocation of the significant revenues generated from the highest profile sports; football and men’s basketball. The criticism stems from the allocation of funding, where most revenue is used to pay salaries to coaches and athletics administrators instead of benefiting the participating student-athletes. The family travel allowance is one small appeasement in addressing such criticisms. While this travel benefit is a generous gesture, there are potential income tax consequences. This article reviews the potential taxation of the travel allowance program. The article concludes with a sample university policy for the provision of travel stipends and a recommendation for an Internal Revenue Service ruling regarding the taxability
of this benefit.
Valrie Chambers, associate professor of accounting, received her Ph.D. from University of Houston in 2000 and has published extensively in accounting and taxation journals. Dr. Chambers has over a decade of public accounting experience as owner/partner-in-charge of a CPA firm in Houston that had a concentration in accounting issues for small business owners. She has also done extensive volunteer work for the American Institute of CPAs and the IRS’ Volunteer Income Tax Assistance in Corpus Christi, Texas program. In 2012, she received the Texas Society of CPAs Outstanding Accounting Educator Award for middle-sized Texas universities.
Faculty Spotlight Series
The Faculty Spotlight Series at Stetson University is a monthly showcase of faculty research, creative inquiry, and other scholarly engagement to the campus community. Presenters are recipients of grant awards through the Stetson Summer Grant Program. A complete list of the 2016-2017 presentation is available at this link.