Tax & Compliance Services
- Federal Taxation
Oklahoma State University (OSU) is an integral part of the Oklahoma State System of Higher Education as defined in Section 1 of Article 13A of the Constitution of the State of Oklahoma. As such, OSU is not subject to federal income tax as a governmental unit under the doctrine of implied statutory immunity for activities related to its exempt purpose. Since OSU is exempt statutorily, it does not have to apply for and receive an exemption from tax (i.e., the administrative procedure whereby it would apply and receive a determination letter from the IRS as to its tax-exempt status). As a result of being exempt from income tax, except for tax on Unrelated Business Income (UBI) as noted below, OSU is not required to file a federal income tax return.
Tax-Deductible Charitable Contributions
Although contributions to OSU are eligible tax-deductible charitable contributions as defined under IRC 170(c)(1), its affiliated foundation, Oklahoma State University Foundation (OSUF), receives and administers all gifts on behalf of OSU. OSUF is an IRS recognized section 501(c)(3) public charity and is, therefore, eligible to receive tax-deductible contributions under IRC section 170(c)(2).
OSU is not exempt from paying FICA (social security and Medicare) tax on employee wages, however, there is an exception for student (enrolled at least half-time) employees working part-time. Additional rules apply for student employee exemption, please contact payroll services for additional guidance.
Per IRC section 3306(c)(7), OSU, as a state entity, is immune (i.e., exempt) under the Constitution of the United States from the tax imposed by the Federal Unemployment Tax Act (FUTA).
Employees that are not U.S. Citizens have specific rules regarding federal taxes, please see the international tax section for additional guidance.
Please click HERE to download a letter regarding OSU's federal tax status.
- Unrelated Business Income Tax
Click HERE for more information
- Sales Tax
Information coming soon! Please check back.
- International Tax
Click HERE for information on tax treaties