ME AND MY SHADOW:The IRS! Tax Issues Facing Library Managers Available to Purchase

The Internal Revenue Service (IRS) and various state tax agencies are likely to touch your life as a library administrator either directly or indirectly. “Wait a minute!” you say. “We're a not‐for‐profit library and do not have to pay income taxes!” Read on. By the end of this article, you may be surprised to find that some not‐for‐profit libraries should, and do, pay income taxes. In any case, there are many tax areas that you or others in your parent organization must consider when working with these government agencies.