The Chronicle: Career Network: 10/08/2004

The Chronicle: Career Network: 10/08/2004: "Avoiding Trouble With the IRS
By RAYMOND D. COTTON

In recent months, the Internal Revenue Service has publicly announced that it intends to audit as many as 2,000 nonprofit organizations. It has not divulged what percentage of those audits will involve colleges and universities, but I believe it is safe to conclude that they will not be excluded from this massive IRS effort. And one of the things the auditors will be looking at is presidential compensation.
I believe that the high levels of compensation paid to presidents of especially large universities can usually be justified by the magnitude of their responsibilities, the complexity of the job, and the specific challenges faced by those institutions.
The question is, Will the IRS agree? "