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The hot breath of the IRS: how trustees can avoid intermediate sanctions
Trustee : the Journal for Hospital Governing Boards
|October 28, 1999
Abstract:
New regulations from the IRS, called "intermediate sanctions," impose stiff taxes and penalties on members of not-for-profit organizations responsible for "unreasonable" compensation. That means administrators, physicians, trustees, and others must be careful to comply with the letter of the law or risk having the IRS breathing heavily down your neck.