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ME AND MY SHADOW:: The IRS! Tax Issues Facing Library Managers

Joseph J. Newpol (Associate Professor, Center for Tax Studies, at the college.)
Sherman Hayes (Library Director, Bentley College, Waltham, Mass.)

The Bottom Line

ISSN: 0888-045X

Article publication date: 1 January 1991

Abstract

The Internal Revenue Service (IRS) and various state tax agencies are likely to touch your life as a library administrator either directly or indirectly. “Wait a minute!” you say. “We're a not‐for‐profit library and do not have to pay income taxes!” Read on. By the end of this article, you may be surprised to find that some not‐for‐profit libraries should, and do, pay income taxes. In any case, there are many tax areas that you or others in your parent organization must consider when working with these government agencies.

Citation

Newpol, J.J. and Hayes, S. (1991), "ME AND MY SHADOW:: The IRS! Tax Issues Facing Library Managers", The Bottom Line, Vol. 4 No. 1, pp. 20-22. https://doi.org/10.1108/eb025270

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited