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Intermediate Sanctions: Curbing Nonprofit Abuse

ISBN: 978-0-471-17456-1

April 1997

208 pages

Description
What are the requirements of the new intermediate sanctionslaw?

What is the definition of an excess benefit transaction?

How will financial penalties be determined?

How will sanctions be applied?

What are the law's expanded reporting and disclosurerequirements?

What can nonprofits do to plan for compliance?

These are just some of the questions you may be asking aboutintermediate sanctions, the most important legislation to impactthe nonprofit sector in a generation. This unique guide tacklesthese crucial issues and more, equipping you with the vitalinformation you need to understand the new rules and work with themeffectively.

Written by two of the country's leading authorities on tax-exemptorganizations, Intermediate Sanctions reviews the history andbackground of the act, and systematically examines how this body oflaw promises to affect the operations of public charities and othertax-exempt organizations. Clear and direct in approach, the bookfeatures down-to-earth examples throughout, making it an essentialpractical resource for lawyers, accountants, managers, and othersworking in the nonprofit arena.
About the Author
BRUCE R. HOPKINS has been one of the country's leading authoritieson tax-exempt organizations for 27 years. He is an attorney withthe firm Polsinelli, White, Vardeman & Shalton and is anadjunct professor at the University of Missouri School of Law atKansas City. He is the author of eight books, including The Law ofTax-Exempt Organizations, A Legal Guide to Starting and Managing aNonprofit Organization, The Law of Fund-Raising, and The LegalAnswer Book for Nonprofit Organizations, as well as a newsletter,The Nonprofit Counsel, all published by Wiley.

D. BENSON TESDAHL is a lawyer with Powers, Pyles, Sutter &Verville, P.C. in Washington, D.C., where he specializes in therepresentation of tax- exempt organizations. He is also an adjunctprofessor of tax law at Georgetown University. Mr. Tesdahl haspublished numerous tax articles and is co-chair of an American BarAssociation subcommittee on tax-exempt entities.