In a letter sent last week to the Internal Revenue Service, U.S. Rep. Charles Boustany Jr., a Louisiana Republican, said he wanted to know what the IRS had learned in its examination of universities’ executive compensation and unrelated-business income, an inquiry that dates back several years and has produced at least two reports. The letter from Mr. Boustany, chairman of the House Ways and Means Subcommittee on Oversight, inquired into the results of a broader IRS examination of tax-exempt organizations such as hospitals, colleges, and groups like AARP, formerly the American Association of Retired Persons. Mr. Boustany said he wanted a response by October 20.
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Congressman Inquires About IRS Scrutiny of Universities and Other Nonprofits
October 11, 2011, 12:34 pm
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