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Standards for Recognition of Tax-Exempt Status if Private Benefit Exists or if an Applicable Tax-Exempt Organization Has Engaged in Excess Benefit Transaction(s)

Federal Register, April 30, 2008, Page 16519-16525

Agency

Internal Revenue Service (IRS), Treasury

Action

Final regulations

Summary

This document contains final regulations that clarify the substantive requirements for tax exemption under section 501(c)(3) of the Internal Revenue Code (Code).This document also contains provisions that clarify the relationship between the substantive requirements for tax exemption under section 501(c)(3) and the
imposition of section 4958 excise taxes on excess benefit transactions. These regulations affect organizations described in section 501(c)(3) of the Code and organizations applying for exemption as organizations described in section 501(c)(3) of the Code.

Dates

Effective Date: These regulations are effective March 28, 2008

Addresses

Galina Kolomietz, (202) 622-7971 (not a toll-free number).

Further Information

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