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Congratulations!
You have completed ERI DLC Course 18: Intermediate Sanctions
You should now be able to:
- Identify 501(c)(3) and 501(c)(4) organizations
- Differentiate between private inurement and private benefit
- Specify what determines intermediate sanctions disqualified and non-disqualified persons
- Define who organization managers are under intermediate sanctions
- Identify the Facts and Circumstances Test and its significance
- Recognize direct and indirect excess benefit transactions
- Identify transactions not subject to intermediate sanctions
- Recognize the elements of executive compensation
- Identify the criteria to determine reasonable compensation under IRC Section 162(a)
- Specify safe harbor conditions for reasonable compensation
- Identify the penalties for excess benefits
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.