Perspective
Jun. 21, 2013
IRS compliance project provides guidance for all nonprofits
Using the report as a helpful guide, all tax-exempt organizations should review their activities that could give rise to UBI and related calculation methodologies. By Ofer Lion
The final report of the Colleges and Universities Compliance Project, released by the IRS in April, focuses primarily on the reporting of unrelated business income (UBI) and compensation paid by tax-exempt colleges and universities, but its assessments are explicitly directed at all tax-exempt organizations. In the report, the IRS announced plans to: (1) take a close look at the appropriateness of the peer group relied on by nonprofits in establishi...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In