IRS Limits Rules Aimed at High-Paid Nonprofit Executives

IRS rules for a tax aimed at the highest-paid employees at nonprofits will likely calm some concerns in the sector about the scope of the levy since its creation in the tax overhaul.

A major problem area that the nonprofit sector saw with initial IRS guidance was that people with limited involvement in an organization could end up triggering the tax—individuals, for example, who work for corporations but volunteer at a related charity, or individuals who do limited work at a nonprofit. The proposed rules released last week (REG-122345-18), offer a number ...