IRS Still Scrutenizing Executive Compensation, Related Orgs & UBIT of Nonprofit Colleges.

(5/7/10) IRS Compliance Project (a.k.a. Investigation) Continues to Scrutinize Executive Compensations, Related Organizations, and Unrelated Business Income Taxes (UBIT) of Nonprofit Colleges and Universities. The Interim Report concludes that more colleges and universities reported engaging in taxable activities than actually paid taxes on these activities. Lois G. Lerner, Director of the IRS’s Exempt Organizations division stated, “We need to understand if this apparent disparity is appropriate or whether it indicates a broader compliance concern in the unrelated business income area.” Read the Interim Report at http://www.irs.gov/pub/irs-tege/cucp_interimrpt_052010.pdf

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About David A. Ross and Associates
David A. Ross, J.D. is a public policy and advocacy consultant from Pennsylvania. David A. Ross and Associates connects companies, nonprofits and government agencies to the rules, tools, information and resources they need to achieve their mission goals.

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