Practical Procedures for Tax-Exempt Health Care Entities to Avoid 'Intermediate Sanctions' Related to Excess Benefit Transactions

BVResearch Pro
Willamette Insights
November 1, 2005
Ashley Reilly
Robert Reilly, CPA

Summary

Officers, directors, trustees, and other persons ôexercising influenceö over a tax-exempt health care organization (TEHCO) are prohibited from receiving an ôexcess benefitö from the TEHCO. If the Internal Revenue Service (the ôServiceö) determines tha ...
Practical Procedures for Tax-Exempt Health Care Entities to Avoid 'Intermediate Sanctions' Related to Excess Benefit Transactions
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