New IRS form targets charities’ salaries

The charitable world is about to get a taste of the type of scrutiny over pay and governance that has become typical in corporate America — courtesy of the Internal Revenue Service.

In the wake of numerous financial scandals at charities nationwide , the federal tax agency is introducing a new reporting form that would make it much harder for nonprofit organizations to conceal excessive salaries, lavish spending, and conflicts of interest.

By Sacha Pfeiffer and Beth Healy, Globe Staff

Full Story: http://www.boston.com/business/taxes/articles/2007/06/17/new_irs_form_targets_charities_salaries/