Tax-exempt organizations could end up footing more than the bill for perks they grant their chief executives. The IRS may ask board members and key officers to pick up the tab too, by way of assessed taxes on “extra” or excessive compensation they’ve approved or arranged for a CEO, the IRS says. A report released in March by the agency found that some tax-exempt organizations are incorrectly reporting or omitting compensation details in their annual filings. The extras – car allowances, paid travel, even a paid parking space – are counted as compensation according to the IRS. Executives must also report pay they receive from affiliated groups, like a foundation or a… Read More