Tax Compliance

Tax Compliance's mission is to ensure University compliance with all federal, state, and international tax laws by developing institutional tax policies and providing guidance to University operational units. Our goals are to protect the tax-exempt status of the University, to promote institutional compliance with tax laws, and to assist University personnel in planning and structuring future transactions.

 

SPECIAL NOTE REGARDING SALES TAX:

As a result of legislation enacted during the 2019 General Assembly session, sellers located outside of Virginia with sales into the Commonwealth totaling more than $100,000 annually or involving 200 or more transactions to Virginia customers must begin collecting the Virginia Retail Sales and Use Tax starting July 1, 2019.  Out-of-state vendors needing a Virginia Sales and Use Tax Exemption Form (ST-12 or CT-10) should contact Procurement and Supplier Diversity Services at 434-924-4212.  See the Virginia Tax website for more details.

University units that sell physical products into foreign states must enter their sales information on our new State Sales Tax page.

 


Addresses

Mailing Address:                                                Express Mail Delivery:

University of Virginia Financial Operations                                      University of Virginia Financial Operations

P.O. Box 400194                                                                          1001 Emmet Street N.

Charlottesville, VA 22904-4194                                                    Charlottesville, VA 22903

 

Our offices are located on the Second Floor of Carruthers Hall, 1001 Emmet Street North (Route 29). Parking is available in the visitor's lot at the south end of the building. Please consult the University web map for more details.


Tax Documents On-Line
Tax Responsibility Generally

Financial Operations provides guidance and oversight on tax matters, manages overall University tax compliance, and maintains primary responsibility for the tax functions enumerated below. In addition, as tax compliance responsibility is distributed at the University, certain specific tax responsibilities are administered by other units of the University’s central administration.

For assistance with employment and foreign national tax issues, please refer to the Compliance and Immigration Services unit in UVA Human Resources.

Financial Operations Responsibilities
  • Managing overall University tax compliance.
  • Preparing and filing Form 990-T, reporting of unrelated business income.
  • Pre-issuance and post-issuance private use analysis.
  • Managing state sales tax exemptions and reporting.
  • Preparing and filing Form 1099-K, payment card and third party network transactions.
  • Reviewing and filing Form 5227 and related state forms for University endowments.
  • Receiving and archiving 1099-MISC and 1099-K forms and other tax-related forms issued to the University.
Responsibilities Managed by Other Offices
Important Note about Individual Tax Issues

The material on this website has been prepared for informational purposes only, and is not intended to provide, and should not be relied upon for, tax, legal, or accounting advice. The University of Virginia does not provide tax, legal, or accounting advice to individual students, parents or employees. Individuals should consult their own advisors before engaging in any transaction.

Related Policies and Resources
Accountable Plans, Business Expenses and Travel Expenses:
Education Tax Credits:
General University Tax Compliance:
Gift Acceptance:
Payments to Individuals:
Scholarship and Fellowship Payments:
State Sales and Excise Taxes:
Tax-Exempt Debt Compliance:
Unrelated Business Income:

IRS Publication 598: Tax on Unrelated Business Income of Exempt Organizations


For additional information related to Tax Compliance, contact Logan Hobbs or Bill Define.

Questions or Need Help - AskFinance

If you need assistance or have questions please reach out to UVAFinance

Phone:
(434) 924-3400
456