Matthew T. Journy, Nonprofit Organizations Practice, Venable LLP; Amy Pena, senior attorney, Lions Club International; Jeffrey S. Tenenbaum, Venable LLP
The consequences of providing excessive executive compensation can be devastating, and they can include revocation of tax-exempt status as well as tax penalties levied against individual officers and board members. Not only can the penalties on excessive compensation be overwhelming but in recent years, they have been the focus of IRS enforcement efforts. With this in mind, it is extremely important for tax-exempt organizations to take the necessary precautions to protect themselves against the IRS. In this webinar, the presenters seasoned nonprofit tax lawyers will draw upon their experience assisting nonprofits in IRS examinations and litigation against the IRS to explain ways that nonprofits can effectively navigate through this complex and tricky area of law.