Payroll Audits Can Lead IRS to Target Execs, Companies

To address the concern that many corporations underpay their payroll taxes, the IRS has created a special unit just to examine the issues surrounding executive compensation. As a result, it is important that companies and executives correctly report executive compensation, especially the areas where the IRS will likely find and assess additional payroll taxes. For general counsel, here is a rundown of five areas of executive compensation that are of special interest to the IRS.

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