US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation

US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation Authored by Naveen Athrappully via The Epoch Times, 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. ...

By Tyler Durden