Several weeks ago the IRS released an interim report on the College and Universities Compliance Project ("Project"), which it launched a year and half ago. The Project focuses on college and university compliance in several areas: (1) unrelated business taxable income; (2) investment, management, and use of endowment funds; and (3) executive compensation practices. Additionally, the Project evaluates governing board oversight of these issues.
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Tax Law Updates, Education Law Updates, Nonprofit Law Updates
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