Tax Resources

Mission

This site contains tax resource material for the University of North Florida community. Its purpose is to provide content necessary to meet tax reporting and compliance requirements of the University in addition to giving guidance to those seeking information. As needs, requirements, and processes evolve, the page will be modified as needed. This page contains information and resources as listed below:

 

Information and Resources

 

Payments to Individuals:

Payments to individuals may be processed via Purchasing/Accounts Payable, Travel or Payroll. Processing will depend on the nature of the payment and the relationship between UNF and the recipient. Additional information regarding specific payment categories is provided via the link above.

 

Sales Tax:

In general, revenue from the sale of tangible personal property or lease of tangible and real property is subject to Florida sales tax. The Controller's Office is available to review revenues collected by the University to determine if transaction is subject to state and local sales taxes. Additional information regarding specific transactions and specific exemptions is provided via the link above.

 

Unrelated Business Income Tax (UBIT):

Revenue generating activities not directly related to UNF's exempt purposes of teaching, research or public service may be subject to federal unrelated business income tax (UBIT). Congress imposed UBIT on exempt organizations to eliminate a source of unfair competition by placing tax exempt organizations on the same basis as nonexempt organizations with which they compete. Thus, when UNF earns revenue from a trade or business, regularly carried on, that is not related to UNF's mission it may result in UBIT. Additional information regarding specific activities that may result in UBIT is provided via the link above.

 

UNF Exempt Status--IRC Section 115:

UNF's tax-exempt status is a result of the University's connection to the State of Florida, or designation as a subdivision of the State of Florida. UNF provides an essential public/governmental function under Internal Revenue Code (IRC) Section 115 (see business process below). Organizations exempt under IRC Section 115 are not required to apply to the Internal Revenue Service (IRS) for recognition of 501(c)(3) status. UNF obtained a government affirmation letter from the IRS for use in support of its exempt status.

 

Information for Students:

The University Controller's Office maintains the records of student payments, including scholarships, fellowships, tuition waivers and stipends, as well as tax records according to the facts and circumstances that apply to students. These payments are subject to IRS reporting and withholding requirements to comply Treasury rules and regulations.