Description
Book SynopsisWhat are the requirements of the new intermediate sanctionslaw?
What is the definition of an excess benefit transaction?
How will financial penalties be determined?
How will sanctions be applied?
What are the law''s expanded reporting and disclosurerequirements?
What can nonprofits do to plan for compliance?
These are just some of the questions you may be asking aboutintermediate sanctions, the most important legislation to impactthe nonprofit sector in a generation. This unique guide tacklesthese crucial issues and more, equipping you with the vitalinformation you need to understand the new rules and work with themeffectively.
Written by two of the country''s leading authorities on tax-exemptorganizations, Intermediate Sanctions reviews the history andbackground of the act, and systematically examines how this body oflaw promises to affect the operations of public charities and othertax-exempt organizations. Clear and dire
Table of ContentsPrologue: Suprises in Store.
The Law of Intermediate Sanctions.
Meaning and Implications of Intermediate Sanctions.
The Sanctions and Private Inurement.
Specific Applications of the Sanctions.
Expanded Reporting and Disclosure Requirements.
Planning for Compliance.
Epilogue.
Appendices.
Glossary.
Selected Bibliography.
Index.
