Foundation Tax Files
Arranged By:
By fiscal year
Application Number:
89-23
Item Number:
170.08
Purpose:
The Controller's Office is responsible for the preparation of all financial statements pertaining to the University Foundation. This record series contains the Foundation's tax statements and forms. Included would be: sales tax reports, non-taxable entity income tax forms, tax withholding forms (required for all honorariums in excess of $1000), various other tax information statements, and related correspondence. These files are subject to federal audit.
Procedure:
Retain in office for six (6) years, then dispose of provided all required audits (federal and state) have been completed, if necessary, and no litigation is pending or anticipated.
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