Protect exempt organizations from sanctions and loss of exemption

Resource Information

The work Protect exempt organizations from sanctions and loss of exemption represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Protect exempt organizations from sanctions and loss of exemption

Creator

• Pulliam, D
• Thomas, B

Subject

• exemption
• tax exempt company
• charities
• penalties

Language

eng

Summary

Violations of restrictions placed on exempt organization activities can result in intermediate sanctions (against the organization or its managers) or loss of the exemption. This article first considers the definition of an excess benefit transaction, applicable tax-exempt organization, disqualified person, and organization manager. Then it considers tax on disqualified persons, tax on organization managers, loss of exemption due to private benefits, new proposed regulation, and interaction of private benefit rules with intermediate sanctions

Citation source

In: Practical tax strategies. - New York. - Vol. 78 (2007),

Geographic coverage

North America

Language note

English