IRS looks into universities’ money records

Written by

|

September 19, 2008

10:59 AM

The Internal Revenue Service plans to question nearly 400 colleges and universities in order to better understand their endowment and unrelated business incomes. According to The Chronicle of Higher Education, the IRS intends to send out a questionnaire to gather the desired fiscal information. The specific institutions to be questioned have not yet been announced.

The decision comes as a response to the agency’s plan to investigate whether colleges and universities have reported financial data with discrepancies.

Share This Article

Related News

Board of Visitors defers discussion of amendments to weapon, open flame policies
Board of Visitors meets to approve 18 resolutions in November session
Short story author Kelly Link discusses magical realism, writing

About Author

The Flat Hat
  • The Flat Hat

Leave A Reply

Leave a Reply

Your email address will not be published. Required fields are marked *