Eye on Education

IRS Deems Ohio University President’s Free Residence Is A Taxable Benefit

Ohio University will foot the income tax bill for the school’s president on the home where he lives rent-free. The Columbus Dispatch reports during an on-going audit of OU, the Internal Revenue Service decided Roderick McDavis should be taxed for his use of the university-owned home because it is considered a benefit. The paper reports it is not clear why the IRS does not consider McDavis exempt from being taxed on the residence. Other Ohio public university presidents are living in furnished homes rent-free and have not been taxed. .

When Roderick J. McDavis became Ohio University’s president a decade ago, he moved into 29 Park Place, a 7,000-square-foot, 2 1/2-story home at the heart of OU’s campus in Athens. The rent is free, and McDavis’ contract says he has to live in the house.

Read more at: www.dispatch.com

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