The “intermediate sanctions” rules under Section 4958 of the Internal Revenue Code have long governed the payment of compensation to executives of public charities. While these rules are highly prescriptive, if followed, they...more
1/2/2018
/ 501(c)(3) ,
Board of Directors ,
Charitable Organizations ,
Compensation & Benefits ,
Conflicts of Interest ,
Covered Employees ,
Deferred Compensation ,
Employee Benefits ,
Excise Tax ,
Executive Compensation ,
Form 990 ,
IRS ,
Nonprofits ,
Remuneration ,
Tax Cuts and Jobs Act ,
Tax Exempt Entities ,
UBTI
As of this writing, it has been over 850 days since the UConn women’s basketball team has lost a game. When the Huskies last tasted defeat (in an overtime thriller to Stanford on November 17, 2014), football players at...more
3/16/2017
/ Collective Bargaining ,
College Athletes ,
Compensation ,
IRS ,
NLRA ,
NLRB ,
NLRB General Counsel ,
Northwestern University ,
Scholarships ,
Statutory Employees ,
Unions
The Treasury Department and the Internal Revenue Service recently issued comprehensive proposed regulations governing nonqualified plans subject to tax under Internal Revenue Code § 457. Code § 457 prescribes the tax rules...more
7/8/2016
/ Deferred Compensation ,
Forfeiture ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Compete Agreements ,
Proposed Regulation ,
Section 409A ,
Section 457(f) ,
Severance Agreements ,
Tax Exempt Entities ,
U.S. Treasury ,
Vesting
This is the second installment of a series regarding legal issues affecting college athletics that Employment Matters will run during this year’s NCAA basketball tournament.
It is no secret that the salaries of coaches...more
This is the second installment of a series regarding legal issues affecting college athletics that will run during this year’s NCAA basketball tournament.
It is no secret that the salaries of coaches of high profile...more
As the nation recovers from the latest series of winter storms, let the rise of temperatures serve as a reminder of the incoming season – tax filing season. For institutional non-profits such as colleges and universities,...more
The IRS announced it is nearing completion of a five year long compliance project involving tax-exempt colleges and universities. The project, which began with questionnaires to 400 randomly-selected institutions, focused on...more