The law of intermediate sanctions
Subtitle: a guide for nonprofits
By: Bruce R. Hopkins.
Publisher: Wiley
Published: 2003
Place of publication: Hoboken, N.J; [Chichester]
Language: eng
Number of pages: 362
Subjects: Employee fringe benefits -- Taxation -- Law and legislation -- United States; Nonprofit organizations -- Taxation -- Law and legislation -- United States; Excise tax -- Law and legislation -- United States
Description: "Congress created intermediate sanctions as a means of imposing special punitive taxes on transactions involving excessive benefits paid by tax-exempt organizations. While there already exists considerable law on intermediate sanctions - a statute, legislative history, a set of regulations, and one court opinion - there has not yet been ample opportunity for the true practice of the law, leaving the application of these new regulations open to considerable interpretation.

The Law of Intermediate Sanctions provides an up-to-date analysis of this new law and its application to tax-exempt organizations." "The book also includes coverage of the final intermediate sanction regulations published by the IRS in early 2002. Aside from curbing nonprofit abuse, the new sanctions promise to significantly increase the practices of lawyers and accountants who specialize in tax-exemption law. Hopkins's The Law of Intermediate Sanctions will be their primary resource."--BOOK JACKET.
Notes: Includes bibliographical references (p. 351-357) and index.