This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...

Property tax revenue is the primary source of funding ... "26 CFR § 1.856-10 - Definition of Real Property." Tax Foundation. "Glossary: Property Tax." Tax Foundation. "States Should Continue ...

The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax ...