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IRS interim report on tax-exempt colleges and universities compliance project

  • Latham & Watkins LLP
  • -
  • USA
  • -
  • May 17 2010

The Internal Revenue Service (IRS) released an interim report on May 7, 2010 summarizing the responses to compliance questionnaires sent to nonprofit colleges and universities in October 2008

Federal focus on indirect tax arbitrage benefits to colleges and universities: could access to tax-exempt bonds be limited?

  • Latham & Watkins LLP
  • -
  • USA
  • -
  • May 6 2010

Tax arbitrage, the use of tax-exempt bond proceeds to purchase higher-yield investment assets, is generally prohibited under federal law

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