Detail Intermediate Sanctions on NPO Executives   Oleh:  Kuhn, Nancy Ortmeyer Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 192 no. 5 (Nov. 2001), page 81-88. Topik: sanctions; sanctions; NPO executives Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A relatively recent tax on executives in the charitable sector is getting attention due to vigorous IRS enforcement and extensive new Treasury regulations issued in January 2001. This tax, sometimes referred to as an intermediate sanction (the ultimate being revocation of the NPO’s exempt status), is imposed on executives whose compensation the IRS considers excessive. CPAs - and the NPO executives they advise - must plan carefully to avoid the tax. The law targets not only top executives but also their family members and family - controlled entities if any receive excess benefits. Congress had passed IRC section 4958 as part of the Taxpayer Bill of Rights 2 and made it retroactive for transactions on or after September 14, 1995. The rules gave the IRS a tool to regulate the activities of exempt organizations - with or without revoking the organization’s exempt status. CPA s should understand section 4958 and the new regulations to help guard against unexpected tax liability for NPO executives - the targeted taxpayers. (While NPO s themselves have no liability under section 4958, they are subject to other penalties.) Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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