Dean Dorton Insight: IRS Compliance Project Has Concluded
The IRS recently concluded its Colleges and Universities Compliance Project, which examined 34 public and private institutions in regard to their compliance in reporting unrelated business taxable income (UBTI) and their compensation practices. The study was conducted to determine why the unrelated business activity of these exempt institutions did not result in a proportionate amount of tax liability and to investigate the compensation practices as they relate to disqualified persons. Read More.
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