March 22, 2007
Rooting Out Errors on Charity Tax Forms
IRS weighs new penalties on nonprofit groups after salary investigation turns up pattern of mistakesNow that it has completed its two-year investigation of executive compensation at nonprofit organizations, the Internal Revenue Service is weighing whether to impose new penalties on charities and foundations that fail to provide complete and accurate information about the salary and benefits paid to top officials.
In addition, the IRS says it will continue to examine nonprofit
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