Exempt Organization Tax Returns
Management Accounting Services administers tax law compliance, ensuring accurate, timely filing of the University Federal, State and Local income, excise and sales tax returns and payments, and develops necessary procedures and reports, utilizing jurisdictional tax law research and interfacing with University systems to deliver seamless internal tax regulation interpretation and tax accounting advice. The Federal Form 990-T is the exempt organization Business Income Tax Return. Click on the link to view current and prior years’ filled returns.Learn more
The department of Managerial Accounting Services seeks, among other things, to monitor and comply with the tax obligations of all jurisdictions that activities of the University generate. Organizational taxes encompass those imposed by Federal, State, County, and Local levels of government. While Purdue University as an educational institution is exempt from many of such taxes, it is subject to others. For example, Purdue is not always exempt from collecting state sales tax, and may be required to remit taxes from sales of items to the general public; or, must collect specialized taxes, such as Innkeeper’s Tax, under certain circumstances. Purdue also may be required to pay sales tax on certain purchases, such as on purchases made in some other states. As well, Purdue is not exempt from all income taxes, namely on revenue generated from activities that are outside the scope of Purdue’s mission and exempt purpose.