Executives of Tax-Exempt Entities Need to Value Fringes as Part of their Compensation Package | New York Law

admin | Tax-Exempt Organizations & Executives

The IRS is conducting a National Research Program focusing on uncollected employment taxes for both for-profit and not-for-profit organizations. As part of this nationwide review, the IRS recently indicated that the most common reason it imposes sanctions on tax-exempt organizations is the improper reporting of fringe benefits.