The University of Georgia Foundation Tax Reporting :: Expenditure Control :: UGA Foundation


Tax Reporting

POLICY: 8.18
Effective Date: 12/10/2004
Last Updated: 12/02/2009

Certain expenditures or payments for events create taxable incidents for which the Foundation must comply. Also, certain revenues generated by events or contracts create tax liabilities. Any taxable event requires the Foundation to prepare tax reports and to pay the appropriate taxes. The types of tax reporting are identified herein.