Compliance Considerations for Executive Compensation
Monday, February 21, 2022
10:30 AM – 11:30 AM CT
Location: Water Tower
This session will discuss the dos and don'ts of executive compensation, including considerations regarding executive compensation excise tax, 457(b) plans and 457(f) plans; and rebuttable presumption of reasonableness. We will also address common errors when reporting executive compensation and benefits on the Form 990 including: reporting compensation on related entities' returns; tuition remission for family members; taxibility and valuation of school-owned housing, benefits including social club dues, first class and companion travel; and working condition fringe benefits vs. benefits for convenience of the employer.
Learning Objectives:
Participants will gain an understanding of the IRS focus on executive compensation and will learn about the calculation of remuneration for purposes of the Form 4960 Executive Compensation Excise Tax.
