Irs Intermediate Sanction
/ˌaɪˌɑːrˈɛs ˌɪntərˈmiːdiət ˈsænkʃən/
Definitions
- (n.) A penalty imposed by the IRS on tax-exempt organizations for excess benefit transactions resulting in private inurement.
The nonprofit was subject to an IRS intermediate sanction for improperly rewarding its CEO.
Forms
- irs intermediate sanction
- irs intermediate sanctions
Related terms
See also
Commentary
Use precise references to IRS rules and section 4958 when drafting related clauses or legal analyses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.