Tax Code Infringements of Colleges, Universities

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One problem many colleges and universities pose to the IRS is the possible tax code infringements they commit. The IRS has recently made public a report based on the feedback they received on a survey on 400 colleges and universities about their business ventures and how much they pay their executives. This survey was conducted in 2008 with the aim of looking into whether the colleges and universities financial activities are properly reflected in what they declare in their tax returns to the IRS.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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