October 18, 2001 | Read Time: 1 minute
The IRS is giving its agents new suggestions on how to handle a range of issues that may arise during charity audits and other reviews. Among the nine topics discussed by the tax agency: recent developments in law and regulations governing federal policy for charities that pay excess compensation to their top officials, and how federal informational tax returns — known as Forms 990 — should be completed by charities and reviewed by government agents.
The advice from the IRS appears in the latest version of the government’s training textbook.
Other topics discussed in the latest edition of the handbook include: rules for political campaign activities; income taxes levied on charity businesses that are unrelated to their missions; and joint ventures between for-profit and nonprofit health-care groups.
Copies of the IRS handbook, Exempt Organizations Technical Instruction Program for FY 2002, may be obtained free from the IRS Web site at http://www.irs.gov/eo.
