All nonprofit groups now have to spell out the pay and benefits of the five highest-ranking executives in their organizations, according to new rules set by the Internal Revenue Service. Tax-exempt groups will also have to disclose more information about their governance policies, including whether they address conflicts of interest and use an independent auditor for their financial records. The IRS conceded some ground to nonprofit groups in response to public comments on earlier draft versions of the form. Some reporting schedules have been streamlined to ease the burden for groups, and organizations will have some time to adjust to the changes based on their size,… Read More