March 9, 2000 | Read Time: 1 minute
What a Difference Knowledge Makes: A Guide to Intermediate Sanctions for Tax-Exempt Organizations and Their Leaders, edited by Steven B. Jarett, is a primer on understanding and avoiding the penalty taxes that the Internal Revenue Service can wield at charities whose top officials receive overly lavish compensation or benefit from shady deals. The guide explains key terms such as “disqualified persons” and “excess-benefit transactions,” provides a history of how the 1996 intermediate-sanctions law came about, offers suggestions on avoiding scrutiny from the tax agency, and presents hypothetical case studies. Publisher: Accountants for the Public Interest, U. of Baltimore, 1420 North Charles Street, Room 155, Baltimore 21201; (410) 837-6533; fax (410) 837-6532; 40 pages; $25.
