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IRS Initiative Will Scrutinize EO Compensation Practices

 

In a news release, the IRS announced that it will contact nearly 2,000 charities to seek more information about their compensation practices and procedures. The Tax Exempt Compensation Enforcement Project will include examinations and other contacts.  Because part of the project's objective is to gather information about current practices, an IRS contact should not necessarily imply improper activity by an organization.