St. Andrews Friends NC
@safriendsnc
Dedicated to the future of our once independent liberal arts institution.
ID: 1421132860321374212
http://StAndrewsFriendsNC.com 30-07-2021 15:37:47
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Conversion of for-profit colleges to tax-exempt status raises concerns Colleges and universities that changed from for-profit businesses into tax-exempt nonprofits are prompting questions about the continuing involvement of former owners and officials.... accountingtoday.com/news/for-profi…
The IRS and U.S. Department of Education should work together more closely to ensure for-profit colleges that convert to nonprofit status don’t receive tax exemption when organization insiders improperly benefit from the conversions, according to a House committee. taxnotes.co/3cGL7yH
How do predatory colleges keep getting federal $$ even when they no longer meet eligibility requirements? As Yan Cao exits her The Century Foundation role she has gifted us all w/results of her investigation of how it happens & why U.S. Department of Education must change its ways tcf.org/content/commen…