IRS and Treasury Propose New Rules on Taxation of High Nonprofit Executive Pay

IRS and Treasury Propose New Rules on Taxation of High Nonprofit Executive Pay

The Internal Revenue Service (IRS) and the Department of the Treasury have announced plans to issue proposed regulations targeting how high compensation paid by tax-exempt ... The post IRS and Treasury Propose New Rules on Taxation of High Nonprofit Executive Pay first appeared on [your]NEWS.

US to Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation

The Internal Revenue Service (IRS) and the Department of the Treasury issued a notice on Friday, announcing their plan to issue proposed regulation concerning taxation on high compensation paid by tax-exempt organizations to employees. The notice relates to excessive compensation and excess parachute payments, the IRS said in a June 5 statement. Parachute payments are made to key employees when they are terminated or when the business undergoes …