What is considered as a parachute payment in Form 990?
4.0k views | Last modified 6/5/2020 4:55:44 AM EST | Added by ExpressTaxExempt Team

Applicable To
990-PF 990-N 990-EZ 990 8868 1120-POL

Parachute payments are considered payments that include compensations, bonuses, severances, payments that occur due to a change in control of the organization, and other similar payments. 

An organization that makes a parachute payment of more than $1,00,000 to any covered employee is required to file Form 4270. 

Was this helpful? Yes No

Category

Sign Up for a
FREE ExpressTaxExempt Account!

Register Now

Returning User? Sign in

Couldn't find what you
are looking for?

Contact Us

(704) 839-2321 support@ExpressTaxExempt.com