University's Tax Position
The University's tax position falls into two categories:
- As a corporate, non-profit, educational institution responsible for complying with appropriate federal and state corporate laws;
- As both an employer and provider of student financial aid responsible for the correct tax withholding and reporting of the income of its faculty, staff and students to the Internal Revenue Service and state tax authorities.
(1) Generally, the University is exempt from federal and state income
tax.
(2) Generally, the University is exempt from state
sales tax on purchases.
(3) The University collects state sales
tax on sales of goods.
The Tax Office in the Office of the Controller is organizationally responsible for both corporate and employer tax reporting. The Tax Office does not assist in preparing tax returns for individuals. Individual tax matters are a concern between the individual and the Internal Revenue Service. The University must fulfill its tax reporting obligations and can, in the case of a tax question or problem, assist in supplying payroll and other appropriate documentation to support payments made to individuals. However, no one from the Tax Office can act as a representative for an individual dealing with the IRS.
