In an internal review of its finances, UC Davis Medical Center has found $2.2 million in physician benefits that weren't properly taxed dating back to 1994. About 200 doctors never received W-2 forms for such things as continuing-education payroll deductions, insurance coverage and retirement buyouts. The center will have to pay $220,000 in overdue taxes and some docs will owe back taxes, though the three-year statute of limitations has ran out on many of the personal income tax returns.
The tax problems were discovered as UC Davis is in the process of overcoming accusations about improper employee compensation. The center has been accused of not fully disclosing certain perks used to attract top faculty to the public system. UC Davis has reworked its compensation plan and is focusing on greater disclosure of employee pay.
- check out this article from The Sacramento Bee for more