The Internal Revenue Service is conducting a National Research Program focusing on uncollected employment taxes for both for-profit and not-for-profit organizations. The IRS recently indicated the most common reason it imposes sanctions on tax-exempt organizations is the improper reporting of fringe benefits. When tax-exempt organizations provide fringe benefits as part of an executive’s compensation package, those benefits most be included when calculating the total compensation paid to that executive. Continue reading “Executives of Tax-Exempt Entities Need to Value Fringes as Part of their Compensation Package | New York Law” »