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This session will discuss mapping a W-2 and looking at how the W-2 connects to Schedule J, fringe benefits and compensation. Are fringe benefits taxable vs. nontaxable? What is an Accountable Plan. 4960?
Learning Objectives:
Determine the available legal guidance regarding the payment of reasonable compensation by a nonprofit to its insiders
Distinguish the Internal Revenue Service’s current efforts to audit/examine nonprofits to ensure the payment of reasonable compensation to a nonprofit’s insiders
Determine how insider compensation is reported on the Form 990 /Form 990-PF