October 2, 2008
Agency Prepares to Grill Colleges About Finances
The Internal Revenue Service has announced that it will soon be sending a questionnaire to roughly 400 colleges and universities to collect information on their executive compensation, endowments, and income from unrelated businesses.
The survey results will be used to identify how higher-education institutions are currently reporting financial data and if gaps in information exist that need to be filled in, said Steven J. Pyrek, an IRS spokesman.
Sen. Charles E. Grassley, of
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