December 2, 1999

$83-Million in Fines for Excessive Compensation

By GRANT WILLIAMS

The Internal Revenue Service has assessed more than $83-million in fines on companies and people with close ties to non-profit organizations because they received what the I.R.S. calls excessive compensation. What's more, the revenue service has revoked the tax exemptions of three charities involved in the transactions, said Marc Owens, director of the I.R.S.'s Exempt Organizations Division. "You might conclude that's indicative of a looting of the charities by the

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