Executive pay hide-and-seek. With the IRS poised to inspect compensation at tax-exempt not-for-profits, perks and benefits for hospital executives likely to get much closer attention.
Not-for-profits will have someone else looking over their shoulder soon--the IRS. The new IRS commissioner overseeing tax-exempt organizations says his unit will look at executive compensation, and execs making more than $1 million are sure to get scrutiny. Healthcare tax lawyer Todd Greenwalt, left, says it's likely the IRS will use the data it gleans to create best-practices guidance.
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D000066:Accounting; D016542:Chief Executive Officers, Hospital / Q000191:economics*; D004649:Employee Incentive Plans / Q000331:legislation & jurisprudence*; D005375:Financial Audit; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D035846:Law Enforcement; D012456:Salaries and Fringe Benefits / Q000331:legislation & jurisprudence*; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States; D037041:United States Government Agencies