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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 notforprofit 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 notforprofit 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.
The Bottom Line: Managing Library Finances – Emerald Publishing
Published: Jan 1, 1991
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