Colleges and Universities Compliance Project
Note: The project discussed below was completed. For more information, see the interim report.
Exempt Organizations has begun a compliance project of colleges and universities, one of the largest components of the tax-exempt sector. The compliance project begins with a compliance questionnaire to 400 colleges and universities. The information gained from these questionnaires will give us a better understanding of how colleges and universities:
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Report revenues and expenses from taxable trade or business activities on Form 990-T, Exempt Organization Business Income Tax Return;
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Classify activities as exempt or taxable activities;
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Calculate and report income or losses on Form 990-T;
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Allocate revenues and expenses between exempt and taxable activities;
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Invest and use endowment funds; and
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Determine types and amounts of executive compensation.
Additional information:
Page Last Reviewed or Updated: 2012-08-03
