Intermediate Sanctions: Curbing Nonprofit Abuse

Bruce R. Hopkins and D. Benson Tesdahl (John Wiley & Sons, 1997)
In the wake of a rash of scandals in the nonprofit sector, Congress has decided to raise the stakes for nonprofit organizations that stray too far from the law. The most important legislation to affect the nonprofit sector since 1969, intermediate sanctions legislation doesn't simply revoke an organization's privileged tax-exempt status. It also imposes financial penalties. Rather than simply threatening to take away an organization’s privileged tax exemption, they can now impose penalties, such as an excise tax, for any violation of the Internal Revenue Code against the individuals who broke the law and/or the organization itself. Written by two of the country's leading authorities on tax-exempt organizations, Intermediate Sanctions reviews the history and background of the act, and systematically examines how this body of law promises to affect the operations of public charities and other tax-exempt organizations. It features down-to-earth examples throughout, making it a valuable practical resource for lawyers, accountants, managers, and others working in the nonprofit arena. Softcover, 208 pages, $59.95