â Organizational tax; taxes on changes of capital. An Employer Identification Number (EIN), also known as a federal tax identification number, identifies a business entity. Generally, all businesses need an EIN. An EIN is a nine-digit number that the Internal Revenue Service assigns to a business. The IRS uses the number to identify taxpayers that are required to file various business tax returns.
***** ** There are independent ** private colleges that are ** not for profit corporations or NGOs ***** These are usually treated like State Institutions but will have to pay taxes on investment property and no mission enterprises. Source(s): packinrat Â· 8 years ago.
ââ¦the university is not paying its fair share of taxes and thus homeowners in the borough are shouldering a larger burden than they ought to be.â. Athletics and bookstores are examples of untaxed university enterprises that deserve a second look. âThese are arguably commercial enterprises that could be paying income tax on profits but they donât. For elite private U.S. universities with large endowment funds, fiscal 2011 was a very good year.