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Tag Archives: IRC 4958

IRS Warns that Fringe Benefits Trigger Intermediate Sanctions

Posted in IRS Filings

At a recent conference on nonprofit governance sponsored by Georgetown Law Center, an IRS official stated that fringe benefits have become the most common trigger of intermediate sanctions under Section 4958 of the Code.  As most of you know, or should know, Section 4958 of the Code, enacted in 1996, imposes excise taxes on both… Continue Reading