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 a Section 501(c)(3) organization, nor is it a not-for-profit organization.
Use of the University’s tax identification number and/or the use of the name “University of Iowa” is limited to accounts expressly authorized by the Board of Regents. Legal rights to the use of the name “University of Iowa” have been granted by the Board of Regents, but have been limited to certain affiliated organizations including the University of Iowa Foundation and the University of Iowa Alumni Association.
Tax Compliance at the University of Iowa involves many offices and individuals working together to meet our state and federal obligations. These offices and individuals coordinate the providing of tax advice to University units, assists/reviews the preparation and filing of University tax returns, and participate in the development of policies with tax implications.
The Tax Office cannot give advice regarding individual income tax situations for students or University staff.