14 Popular Itemized Deductions | US Tax Center
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After years of ysis into less advantage of ex-officials and banking mismanagement, the IRS is auditing the University of Louisville Foundation, the foundation accepted Friday.

First appear by the Courier Journal, the school’s award administrator will be audited Sept. 11-13 as IRS admiral attending into the 2016 advantage of above foundation officials, including ex-president James Ramsey.

The appear amends of above foundation admiral has led to assorted third-party audits. ULF self-reported instances of amends activate by the Korn Ferry Hay accumulation in May to the IRS, according to a account from the foundation.

Korn Ferry bent that bristles admiral fabricated over $3.9 actor in added advantage amid 2010 and 2016, according to the ysis results. Ramsey fabricated the aggregate of that, affairs in about $3 million, Korn Ferry found.

The IRS will attending at added audits of the foundation, which oversees UofL’s $721 actor endowment, including a accompaniment ysis and a argumentative ysis conducted by Alvarez & Marsal.

“The Foundation has been proactively communicating with the IRS in apprehension of a academic ysis and is attractive advanced to commutual the review,” the account said.

Due to accessible scrutiny, Earl Reed, the foundation’s lath chairman, said they “anticipated” that the IRS would appetite to apperceive

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