Section 4958 of the Internal Revenue Code
Definitions
- (n.) A provision in the Internal Revenue Code imposing excise taxes on excess benefit transactions between tax-exempt organizations and disqualified persons.
Section 4958 of the Internal Revenue Code penalizes improper financial benefits conferred by nonprofit organizations.
Forms
- section 4958 of the internal revenue code
Related terms
See also
Commentary
Section 4958 is commonly cited in nonprofit compliance contexts to address self-dealing and excess benefit transactions.
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.