The University must comply with applicable federal, state, and local tax regulations. In that regard, the Director of Financial Operations has institutional responsibility for compliance with tax regulations. Responsibility for specific operational tax processing and records retention has been delegated to certain University units as noted below:

* These units are under the direction of the Assistant Vice President for Financial Operations.

1. Providing Tax Advice:
   The University does not provide personal tax advice to its employees, students, or donors. Tax information, such as tax publications and forms, and/or other references on websites, may be provided for general information about various tax topics. However, it is not meant to represent tax advice and it should not be assumed to be error free. If in doubt, individuals should contact the appropriate tax authority (e.g., Internal Revenue Service, Virginia Department of Taxation, Charlottesville City Treasurer, or Albemarle County Finance Department), a tax accountant, or an income tax service.

2. Compliance with Policy:
   Failure to comply with the requirements of this policy may result in disciplinary action up to and including termination in accordance with relevant University policies.

   Questions about this policy should be directed to Financial Operations & Tax.