GAO Issues (Rather Pointless) Report on Colleges' Tax Status Conversions

Abstract

The US Government Accountability Office, in a report made public in late January, issued its analysis of what it terms “for-profit college conversions,” in response to a request from four members of Congress. The GAO examined the extent to which the IRS and Department of Education responds to these conversions, particularly in relation to what it characterizes the “risk of improper benefit.” This report is titled “Higher Education: IRS and Education Could Better Address Risks Associated with Some For-Profit College Conversions” (GAO-21-89 (Dec. 2020)).