Tax Management Office Guidelines
The University of Minnesota Tax Management Office is responsible for managing certain tax risks at the University. In connection with this responsibility, the Tax Management Office educates the campus community regarding various tax issues affecting the University. This requires communicating complex tax issues in a manner that is understandable to the community. One method of accomplishing this is through Tax Management Office Guidelines (TMOGs) that are issued by the Tax Management Office. TMOGs provide clear, indepth information about specific tax issues important to the University community.
Because these guidelines were prepared to educate and inform the campus community on tax issues generally, any tax advice contained in these TMOGs is not intended or written to be used, and cannot be used by any recipient, person or taxpayer for the purposes of (i) avoiding federal or state tax penalties that may be imposed under the Internal Revenue Code or applicable state law on any taxpayer or (ii) promoting, marketing or recommending any transaction or matter addressed therein to another party.
TMOG #8 - Payments to Students updated August 2021!