Tax990 Knowledge Base
Have questions? We've got you covered!What is considered as a parachute payment in Form 990?
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.
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