From the Desk: How we make taxes at IU less … taxing

What is the outlook for tax in higher education?

In 2010, the IRS implemented a major audit initiative focusing on colleges and universities, with a total of 40 large research institutions audited after more than 400 targeted IRS questionnaires were reviewed. In 2013, the IRS published findings of colleges and universities nationwide, which resulted in nearly $200 million of tax findings related to employment tax, unrelated business income and employment retirement plans. IU's University Tax Services works closely with both administrative and operating departments at the university to research and analyze these important tax issues and their effect on the institution.

Cassandra Franks is the director of University Tax Services at IU.