Tag Archives: charity
May 9, 2012, 9:55 pm
A Congressional hearing has been scheduled next week to examine various tax issues affecting nonprofits, including Internal Revenue Service oversight of universities and nonprofit hospitals.
Rep. Charles Boustany Jr., a Louisiana Republican, called the hearing. He told The Chronicle this winter he was concerned the tax agency had not been aggressive enough in monitoring charity abuses.
The event, which will take place May 16 at 10 a.m., will be the first in a series of hearings on tax-exempt organizations planned by the oversight subcommittee of the powerful House Ways and Means Committee.
Mr. Boustany, the subcommittee chairman, said in a statement that the hearing would allow nonprofits to weigh in on certain questions he had raised in a letter he sent to the IRS last October.
They include IRS audits of universities in areas including excessive compensation and unrelated …