Ways and Means Subcommittee Examines Oversight of Exempt Organizations, Form 990, UBIT

Monday, September 17, 2012

On July 25, the Oversight Subcommittee of the House Ways and Means Committee convened a hearing to examine the growing complexity of tax-exempt organizations, the revised 990, and unrelated business income tax (UBIT) issues. This was the second hearing this year that focused on nonprofit tax issues. Joanne DeStefano, Vice President for Finance and Chief Financial Officer at Cornell University, had testified on behalf of NACUBO at a May 16 hearing that touched on similar issues.

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