Will the IRS Deem Your School Head’s Compensation an “Excess Benefit”?

Ideas & Perspectives
Ideas & Perspectives

Volume 29

No. 12//

September 28, 2004

In a recent press release, the IRS announced a new enforcement effort that will affect private-independent schools, especially School Heads. Specifically, the IRS will be more closely examining the compensation agreements between schools and their Heads. In addition, the IRS will be re-evaluating the reports a 501(c)(3) organization is expected to file (especially the annual Form 990).

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