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Compensating Private Foundation Insiders

Compensating Private Foundation Insiders

Violating the rules could result in federal tax penalties

The level of compensation paid by exempt organizations to their insiders has been under Internal Revenue Service scrutiny for some time now. The IRS often conducts audit checks, randomly sending out inquiries regarding an exempt organization’s compensation practices, and unsurprisingly, it’s an area that can provoke a great deal of unwanted media

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TAGS: Philanthropy
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