September 19, 2008

Senator Grassley Wants IRS to Tailor Form to Colleges

By PAUL FAIN

Sen. Charles E. Grassley last week called on officials of the Internal Revenue Service and the U.S. Treasury Department to develop a Form 990 tax schedule that is specifically geared to colleges and universities.

Senator Grassley, the top Republican on the Senate Finance Committee, requested the new tax form during a Capitol Hill briefing on college costs and endowment spending. His proposed form would require institutions to report information about their student populations and

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