Form 8282 Illinois 2021-2025

Form 8282 Illinois: What You Should Know

Form 8282 must be filed within 6 months of the end of the calendar year in which the property is disposed of. The College will then mail a Form 8283 to the individual donor. The donor is responsible to report the gift to the Director of Development, Gifts Department, by December 31 of each year Tax-Exempt Gifts | Southeastern Illinois College Gifts of real or personal property to the Southeastern Illinois College are exempt from income tax. Gifts are recorded “intangible personal property” on the donor return for the year in which they are made. All gifts of real and personal property and their value must be reported on the donor's tax return regardless of year of gift Reciprocal Aid Agreement | Southeastern Illinois College The College participates the federal Department of Education's National Program of Exchange of Students (EPEES). In the year of EPEES participation, the College provides assistance under the federal program:  For information, see IRS publication 970-G for EPEES. Other Program Agreements | Southeastern Illinois College The College participates in several other programs related to the exchange of students: Federal Financial Aid Policy | Southeastern Illinois College Federal Student Aid (FSA) for Southeastern Illinois College receives the same funding as the State of Illinois. The College is funded solely by gifts, grants, or contracts which are used to provide the services of the College. All funding from the federal government and all other sources, or any of the funds used to provide these services, is deemed to flow to the College for the sole purpose of financing the College's operations Financial Aid | Southeastern Illinois College The State of Illinois provides an annual grant of 4 million to the College for each of the four years the College is in session. These funds come from the general State of Illinois and are not in addition to any other funding received (such as the Department of Human Service grant).

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