Christoph
05-03-07, 23:11
Some 600 charities and foundations have had to file amended tax forms after an Internal Revenue Service study found flaws in the way they reported payments to executives and other employees.
The I.R.S. has also asked 40 individuals to pay a total of $20 million in excise taxes, which is the penalty it imposes when it determines a nonprofit executive has been paid excessively.
"We found some problems," said Steven T. Miller, the commissioner in charge of the I.R.S. division overseeing tax-exempt and government entities. "Whether they were due to confusion, poor design of the tax forms used by these organizations or something more nefarious, I can't tell you."
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http://www.ngowatch.org/articles.php?id=597
The I.R.S. has also asked 40 individuals to pay a total of $20 million in excise taxes, which is the penalty it imposes when it determines a nonprofit executive has been paid excessively.
"We found some problems," said Steven T. Miller, the commissioner in charge of the I.R.S. division overseeing tax-exempt and government entities. "Whether they were due to confusion, poor design of the tax forms used by these organizations or something more nefarious, I can't tell you."
......
http://www.ngowatch.org/articles.php?id=597