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Excess Benefit Transactions Audiotape
   recorded February 18, 2002

Faculty: Dan Mulholland & Henry Casale

The IRS has published final rules governing so-called "excess benefit" transactions between tax-exempt organizations and corporate insiders such as board members, top executives and key physicians. These replace the temporary regulations published last year and contain several key changes. Protect yourself and your board from ruinous tax liability by learning how to stay within the safe harbors for these kind of deals.

Issues discussed include:

  • Safe Harbor for "Reasonable" Transactions
  • Timing of Reasonableness Determinations
  • Who can Approve Transactions
  • Getting a Reasonableness Opinion
  • Indirect Economic Benefits
  • Initial Contract Exception
  • Fringe Benefits and Disregarded Economic Benefits
  • Revenue Sharing Arrangements
  • Correcting Excess Benefit Transactions

Audiotape: $195

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