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Tax Office

Skip to main content. The University of Iowa. Accounting and Financial Reporting. University of Iowa Tax Information. The University of Iowa is a federally tax-exempt organization under Internal Revenue Code Section 115, as an agency of the State of Iowa. Section 115 exempts income derived from the exercise of any essential governmental functions. The IRS has recognized that education is an essential governmental function. (Rev. Ruling 75-436). The University is not. Useful Forms and Documents. Payroll /...

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Skip to main content. The University of Iowa. Accounting and Financial Reporting. University of Iowa Tax Information. The University of Iowa is a federally tax-exempt organization under Internal Revenue Code Section 115, as an agency of the State of Iowa. Section 115 exempts income derived from the exercise of any essential governmental functions. The IRS has recognized that education is an essential governmental function. (Rev. Ruling 75-436). The University is not. Useful Forms and Documents. Payroll /...
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Tax Office | tax.fo.uiowa.edu Reviews

https://tax.fo.uiowa.edu

Skip to main content. The University of Iowa. Accounting and Financial Reporting. University of Iowa Tax Information. The University of Iowa is a federally tax-exempt organization under Internal Revenue Code Section 115, as an agency of the State of Iowa. Section 115 exempts income derived from the exercise of any essential governmental functions. The IRS has recognized that education is an essential governmental function. (Rev. Ruling 75-436). The University is not. Useful Forms and Documents. Payroll /...

INTERNAL PAGES

tax.fo.uiowa.edu tax.fo.uiowa.edu
1

Student Loan Accounting | Tax Office

http://tax.fo.uiowa.edu/content/student-loan-accounting

Skip to main content. Accounting and Financial Reporting. The University Billing Office. Is responsible for generating this form to assist students and/or their parents, in the calculation of either the Hope Tax or Lifetime Learning Credit. The form reports the amount of tuition billed and the total amount of gift aid released to the student in a calendar year. The Student Loan Accounting Office is responsible for billing and collection of Federal and Institutional student loans. Payroll / Employment Tax.

2

Unrelated Business Income Tax | Tax Office

http://tax.fo.uiowa.edu/content/ubit-form-990-t

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Unrelated Business Income Tax. Form 990-T, Exempt Organization Business Income Tax Return. The fiscal year 990-T forms shown below are formatted as pdf for download or viewing). The University of Iowa must annually file Form 990-T, Exempt Organization Business Income Tax Return, if we have gross income from an unrelated trade or business of $1,000 or more each fiscal year. What is unrelated business income? The IRS has rule...

3

Foreign Bank Account Reporting to IRS | Tax Office

http://tax.fo.uiowa.edu/content/foreign-bank-account-reporting-irs

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Foreign Bank Account Reporting to IRS. At any time during [the tax year for which the return is being filed], did you have an interest in or signature authority over a financial account in a foreign country, such as a bank account, securities account, or other financial account? If the answer to this question is Yes, Line 7b asks the taxpayer to enter the name of the country where the bank account is located. There may be p...

4

1099 Reporting | Tax Office

http://tax.fo.uiowa.edu/content/1099-reporting

Skip to main content. The University of Iowa. Accounting and Financial Reporting. The Accounts Payable Office makes payments and reports miscellaneous income for individuals and companies who have been paid $600 or more in non-employee service payments on a 1099-MISC form. The Accounts Payable Office also reports other types of 1099 payments. Information Reporting Requirements for Payments of Interest on Tax-Exempt Bonds. Specific Instructions for Form 1099-B. Payroll / Employment Tax.

5

Job-Related Graduate Course Certification Information | Tax Office

http://tax.fo.uiowa.edu/content/job-related-graduate-course-certification-information

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Job-Related Graduate Course Certification Information. As a general rule, graduate level educational assistance paid to or on behalf of an employee that is not awarded as part of the University’s Tuition Assistance Program. The chart below was taken from IRS Publication 970 and summarizes the requirements that must be met in order to qualify as work-related education. Treasury Regulation 1.162-5. Payroll / Employment Tax.

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cam.fo.uiowa.edu cam.fo.uiowa.edu

Forms and Instructions | Capital Assets Management

https://cam.fo.uiowa.edu/content/forms-and-instructions

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Submit this form when adding capitalized equipment. Addition Request Form Instructions. Submit this form to remove assets from the departmental inventory. Deduction Request Form Instructions. Internal Transfer of University Equipment. Submit this form when requesting a transfer of equipment ownership or responsibility from one department or sub-department to another within the University of Iowa. Internal Transfer Form (pdf).

cam.fo.uiowa.edu cam.fo.uiowa.edu

Policies and Procedures | Capital Assets Management

https://cam.fo.uiowa.edu/content/policies-and-procedures

Skip to main content. The University of Iowa. Accounting and Financial Reporting. The University Operations Manual. Provides the general guidelines for CAM procedures. Responsibilities of Capital Assets Management. Properly identify, record, and track all capital assets in the University's Asset Management System. OMB Circular A-110 Property Standards. Assign asset ID number and serial-numbered tags to identify and track capital equipment inventory. Responsibilities of University Departments. Notify CAM ...

afr.fo.uiowa.edu afr.fo.uiowa.edu

Cash Handling Overview | Accounting and Financial Reporting

https://afr.fo.uiowa.edu/cash-handling

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Accounting and Financial Reporting. Accounting and Financial Reporting. Every University unit, administrator and employee responsible for overseeing, receipting, depositing or reconciling cash and its equivalent are required. To complete the cash handling certification process described within this site. Updated Cash Handling Policy and Controls - Action Needed. May 30, 2014). Calendar and Close Deadlines.

afr.fo.uiowa.edu afr.fo.uiowa.edu

| Accounting and Financial Reporting

https://afr.fo.uiowa.edu/calendar/month

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Accounting and Financial Reporting. Accounting and Financial Reporting. Back to summary of all deadlines. All entries due from web applications to the general ledger. Calendar and Close Deadlines. Financial Systems and Applications. Accounting and Financial Reporting. 5 W Jefferson St, Iowa City, IA 52242. The University of Iowa. 2016 The University of Iowa.

gao.fo.uiowa.edu gao.fo.uiowa.edu

About Grant Accounting | Grant Accounting Office

https://gao.fo.uiowa.edu/about-grant-accounting

Skip to main content. The University of Iowa. Division of Sponsored Programs. Accounting and Financial Reporting. The Grant Accounting Office (GAO) is a central administrative department within Finance and Operations that reports to the University Controller. Grant Accounting offers the following post-award services (pre-award services are provided by the Division of Sponsored Programs. Establish new accounts to allow spending. To the parties listed on the Award Authorization and Activation Notice (AAAN).

cam.fo.uiowa.edu cam.fo.uiowa.edu

Accounting for Capital Assets | Capital Assets Management

https://cam.fo.uiowa.edu/content/accounting-capital-assets

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Accounting for Capital Assets. Properly identify and record all capital assets in the University’s PeopleSoft Asset Management System. Capital assets include moveable equipment, intangible assets (such as software), art objects, library collections, fabricated equipment, capital leases, buildings, infrastructure and land. Record additions, transfers, trade-in’s, disposals, and retirement of movable equipment.

afr.fo.uiowa.edu afr.fo.uiowa.edu

Financial Systems & Applications | Accounting and Financial Reporting

https://afr.fo.uiowa.edu/financial-systems-applications

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Accounting and Financial Reporting. Accounting and Financial Reporting. Financial Systems and Applications. Accounting and Financial Reporting Financial Systems. Online Applications, Tables and Chartfield/WhoKey Support. Where do I access it? How do I get security to it? Submit departmental cash handling procedures. Open site, no special access required. Cash and Investments team). Requests from campus to:. Request from cam...

cam.fo.uiowa.edu cam.fo.uiowa.edu

Capital Asset Reporting | Capital Assets Management

https://cam.fo.uiowa.edu/content/capital-asset-reporting

Skip to main content. The University of Iowa. Accounting and Financial Reporting. Provide central administration and campus departments with timely capital assets and depreciation reporting. Reconcile the PeopleSoft Asset Management subsystem to the PeopleSoft General Ledger on a monthly basis. Complete accurate and timely:. Annual audit schedules for the external financial audit. Capital assets footnote disclosures for the University’s annual financial report. Jefferson Building, 6th floor.

gao.fo.uiowa.edu gao.fo.uiowa.edu

Announcements | Grant Accounting Office

https://gao.fo.uiowa.edu/announcements

Skip to main content. The University of Iowa. Division of Sponsored Programs. Accounting and Financial Reporting. December - Research Administrator meeting. The next Research Administrator Meeting is scheduled for:. December 07, 2016. Updated definitions for institutional accounts 6070 and 6115. The University Accounting Code Manual. Definitions for institutional accounts 6070-Office Supplies. And 6115-Non Clinical Laboratory Supply. Clerical and Admin Salaries on Sponsored Projects. Our new address is:.

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E-mail or User ID. Keep me signed in. Audit, Risk and Controls. Financial Planning and Analysis. Real Estate and Facilities. CHOOSE A DISCUSSION GROUP. Audit, Risk and Controls. Financial Planning and Analysis. Real Estate and Facilities. No more content to display. Please enter your question. Please enter a search term. White papers, delivered to your inbox. Tax Accounting and Financial Reporting. Tax Controversy and Audit Management. This groups is for the discussion of tax planning issues. Sample ...

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Tax Law - FindLaw

FindLaw Find a Lawyer. Find Answers. Are You a Legal Professional? Visit Our Professional Site. Learn About the Law. Learn About The Law. Most Americans are required to pay taxes on their personal income each year. For the purposes of taxation, "income" typically includes any earnings, tips, commissions, dividends, alimony, capital gains, unemployment benefits, IRA distributions, and Social Security benefits received during the tax year. Tax Lawyers and Common Issues. Tax Problems and Audits. Income Tax:...

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Fintotal Tax | What Does Salary Consist of?

Get updates on smart money managing tips! Due Date for Income Tax Return Filing Extended to 5 August 2013. Beware of Phishing Scams in E-Filing Tax Returns! TDS Depositors to Be Punished for Not Depositing in Govt Account by Due Date. Due Date for Income Tax Return Filers from Gujarat Extended to 14 October. Now Buying Gold is More Expensive. Tax Planning for Salaried Employees- A Last Minute Guide. Kindly fill the details to get the most relevant stuff in your inbox. What Does Salary Consist of? The fir...

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tax.fo.uiowa.edu tax.fo.uiowa.edu

Tax Office

Skip to main content. The University of Iowa. Accounting and Financial Reporting. University of Iowa Tax Information. The University of Iowa is a federally tax-exempt organization under Internal Revenue Code Section 115, as an agency of the State of Iowa. Section 115 exempts income derived from the exercise of any essential governmental functions. The IRS has recognized that education is an essential governmental function. (Rev. Ruling 75-436). The University is not. Useful Forms and Documents. Payroll /...

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