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The Law of Tax-Exempt Healthcare Organizations, 3rd Edition by Bruce R. Hopkins, Thomas K. Hyatt

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CHAPTER TWENTY-EIGHT

Compensation and Employee Benefits

§ 28.1 THE REASONABLE COMPENSATION STANDARD

(b) Determining Reasonableness

p. 702. Insert as fifth complete paragraph:

In February 2010, the IRS launched a payroll audit program of 6,000 companies, including 1,500 tax-exempt organizations. One of the stated aims of the audit initiative is to scrutinize compensation paid to executives at tax-exempt organizations.17.1

§ 28.3 EXECUTIVE COMPENSATION

(b) GAO Survey on Nonprofit Health System Executive Compensation

p. 708, first complete paragraph. Insert footnote following last line:

38.1 In addition to IRS attention, salaries for executives at tax-exempt nonprofit hospitals have come under increased scrutiny from state legislators and the public in states that are facing budget cuts. E.g., Dwyer, “Immune to Cuts: Lofty Salaries at Hospitals,” New York Times, March 15, 2011.

(d) Loans to Executives

p. 710, fourth complete paragraph. Insert footnote at end of last line:

42.1 IRC § 4958(c)(3).

§ 28.6 DEFERRED COMPENSATION IN GENERAL

(a) Qualified Plans

(ii) Defined Contribution Plans.

p. 720. Insert following first complete paragraph: ...

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