Section 4958 of the Internal Revenue Code outlines taxes on excess benefit transactions involving tax-exempt organizations. It imposes initial taxes on disqualified persons and organization managers involved in such transactions, with additional taxes if the excess benefit is not corrected. The section defines 'excess benefit transactions' and 'excess benefits,' and includes special rules for donor advised funds and supporting organizations. It also provides definitions for terms like 'disqualified person,' 'organization manager,' and '35-percent controlled entity.'
documents/EFTA00598235.pdf
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