EO Tax Journal

1 – IRS Auditing $1.2 Million Salary Paid to Fired University President

I’m guessing the audit of the Kansas City University of Medicine and Biosciences (see article below) is part of the exams generated by the IRS’ college and university initiative. If so, the school joins Harvard University, Lamar University, Suffolk University (Boston), Texas A&M University, and the University of Texas on my list of identified school audits.

2 – Senator Grassley Comments on CBO Report on Collegiate Arbitrage

Are colleges and universities double-dipping when it comes to tax breaks?
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