The IRS believes that three of the areas of concern with respect to tax-exempt organizations are:
A) Cost allocations
B) Excess executive compensation
C) Organizations operating out of their tax-exempt purpose
D) All the above

Question

Quizplus · Accepted Answer

All three options (cost allocations, excess executive compensation, and organizations operating out of their tax-exempt purpose) are areas of concern for the IRS with respect to tax-exempt organizations. It is important for organizations to ensure that they are accurately allocating costs, not paying excessive compensation to executives, and operating within their tax-exempt purpose to avoid any potential issues with the IRS.

The IRS Believes That Three of the Areas of Concern