October 10, 2008
IRS Releases Tax Questionnaire That Asks Colleges to Disclose More
Nearly 400 colleges across the country are about to be asked to disclose intimate financial details of their operations to the Internal Revenue Service.
The federal tax agency announced last week that it had completed work on a 42-page questionnaire, including nine pages of instructions, for the first phase of its Colleges and Universities Compliance Project, which is part of a continuing effort by the IRS to learn more about the finances of tax-exempt organizations.
The
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