IRS to Audit Executive Compensation at 40 Colleges and Universities
Following up on the 400 questionnaires sent out to colleges and universities under its College and Universities Compliance Project, the IRS has announced that it will conduct audits of 40 of those schools, with a particular emphasis on executive compensation. As noted in our earlier posts on this subject, this activity by the IRS follows on the heels of a similar project examining nonprofit hospitals.
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