Analysis

IRS Report on Colleges and Universities Offers Important Lessons

Venable LLP Has Suggestions for Nonprofits for Staying out of Trouble with the IRS
November 13, 2013 at 08:03:00 ET
The Internal Revenue Service conducted a compliance project for colleges and universities to identify the greatest common areas of noncompliance and instances where IRS enforcement is most needed. Two areas of concern included Unrelated Business Income and executive compensation. Both have relevance to all tax-exempt organizations, grantors and grantees. The IRS found that 90 perc... Read More