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IRS Focus on Exempt Organization Compensation and How to Prepare for an Audit (PDF)
Morgan LewisLink to more items from this source
Sept. 2, 2005
3 pages. Excerpt: Corporate scandals, excessive compensation packages and questionable accounting standards have made headlines over the past several years. While much of the focus has been on public companies, Section 501(c)(3) tax-exempt organizations (EOs) have received their share of attention as well. In response to widespread media reports of excessive compensation and conflicts of interest, the IRS has increased its audit presence in the EO sector and will exact penalties against[.]

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