Intermediate Sanctions Regulations
/ˌɪntərˈmiːdiət ˈsænkʃənz ˌrɛgjʊˈleɪʃənz/
Definitions
- (n.) Regulations issued by the IRS to enforce penalties on tax-exempt organizations and their managers for excess benefit transactions, preventing private inurement under U.S. tax law.
The nonprofit faced scrutiny under the Intermediate Sanctions Regulations for excessive payments to an insider.
Forms
- intermediate sanctions regulations
- intermediate sanctions regulation
Related terms
See also
Commentary
Intermediate Sanctions Regulations specifically address penalties distinct from revocation of tax-exempt status, allowing targeted sanctions without affecting organizational exemption.
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