Word: taxed
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...survey could eventually give rise to a more rigorous and specialized tax filing for colleges and institutions, a requirement the IRS recently created for hospitals after commissioning a similar compliance survey...
...Internal Revenue Service will request new financial data from 400 colleges and universities—potentially including Harvard—in an effort to further study the financial practices of the tax-exempt schools, the agency announced this week...
...Grassley toned down his criticism of endowment use in a panel last month, instead calling for a specialized tax filing for colleges and universities...
...This questionnaire is overdue. Colleges and universities should be much more transparent about their activities, just as tax-exempt hospitals are being asked to do,” Grassley said. “They need to show they’re making good use of the tax exemption and other federal subsidies they receive...
...markets that we're dealing with this," Shadegg told the Washington Post. "I'm inclined to hold my nose and vote yes." Republicans, however, may not be the only hurdle for a successful vote; some fiscally conservative, moderate Democrats are not happy about adding roughly $100 billion in unfunded tax cuts to the legislation...