Compensation Strategies Group, Ltd.
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|New Tax on 'Excessive' Compensation of Tax-Exempt Executives Imposed at Not-So-Excessive Levels|
May 17, 2021
"Now that final guidance has been issued, [applicable tax-exempt organizations] should ... consider adopting the following strategies:  Maximize retirement income for covered executives....  Consider implementing excise tax cutbacks....  Consider adopting split dollar life insurance arrangements....  Review current compensation programs to determine extent of potential liabilities as well as potential exemptions."
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