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Directors’ safe harbor from intermediate sanctions under federal tax laws

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • March 7 2011

Federal tax laws impose penalties in the form of excise taxes, known as “intermediate sanctions,” if a charity pays more than reasonable compensation for services of directors, trustees, officers, key employees and others in a position to exercise substantial influence over the affairs of the charity