Executive Compensation in IRS
Crosshairs Audio CD Recorded May 12, 2005
Faculty: Dan
Mulholland & Henry
Casale

There's a target painted on your back, and the
IRS has declared it open season on your pay package!
Did your hospital receive a letter from the
IRS asking for information about executive and physician
compensation practices? If you did, you're in good company. The
IRS contacted nearly 2,000 charities and foundations to
seek more information about their compensation practices and procedures.
If not, don't think you're off the hook.
The Senate Finance Committee and House Ways
and Means Committee has held hearings about whether the rules governing
charitable exempt organizations should be tightened up, in part
due to testimony by IRS officials and state attorneys general about
perceived abuses and allegedly lavish perks enjoyed by some. New
legislation could be forthcoming as a result.
At the same time, the IRS has issued fairly
comprehensive informal guidance about how fringe benefits are to
be handled, which will have a direct effect on how things like
travel and entertainment expenses will be treated from an intermediate
sanctions perspective.
It seems like every time you turn around, a new challenge presents
itself in this very important and highly complex arena.
Topics discussed include:
- The IRS Executive Compensation Review Initiative: What
are they looking for and where are they going?
- What you need to
have in your Executive Compensation Policy (a sample policy
will be provided with purchase)
- How to create a rebuttable presumption
that your compensation is reasonable
- Who should be on the
Board Compensation Committee and how independent do they really
have to be?
- Avoiding the trap of "automatic excess benefits" in
executive fringes and board perks
- Reporting executive compensation
on your 990 return
- Memorializing compensation and benefits
in your employment contract (a model CEO contract will be provided
with purchase)
- What's Congress cooking up now?
- Tax-exempt physician corporations
in IRS crosshairs
Audio CD: $225
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