Better Watch Out

Intensifying the spotlight on charities, the Internal Revenue Service announced Aug. 10 that it intends to scrutinize executive compensation at some 2,000 charities and foundations. Earlier this summer, the IRS made inquiries of, or sent letters to, about 200 charities. IRS Commissioner Mark W. Everson said in an Aug. 10 press release that the agency was concerned that some charitable groups were

Intensifying the spotlight on charities, the Internal Revenue Service announced Aug. 10 that it intends to scrutinize executive compensation at some 2,000 charities and foundations. Earlier this summer, the IRS made inquiries of, or sent letters to, about 200 charities.

IRS Commissioner Mark W. Everson said in an Aug. 10 press release that the agency was concerned that some charitable groups were ÔÇťabusing their tax-exempt status by paying exorbitant compensation to their officers and

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish