IRS Compensation Study Finds Charity Returns Show Significant Errors and Omissions
Author: Jerry J. McCoy, Editor-in-Chief.
Source: Volume 06, Number 04, May/June 2007 , pp.1-2(2)
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Abstract:
For some time now, the Senate Finance Committee and others in Congress have been critical of various shortcomings of charities. Often the complaints involve compensation that appears to be lavish and/or excessive. Earlier versions of the law that became the Pension Protection Act of 2006 would have toughened the self-dealing and intermediate sanctions penalties applicable to charities paying excessive compensation to insiders.Keywords:
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