Term: Excess Benefit Transaction
Definition:A transaction in which a DISQUALIFIED PERSON receives an economic benefit from a tax-exempt organization that exceeds the value of the benefit the disqualified person provided to the organization. In terms of compensation, this means it was unreasonable compensation under Section 162.
To find keyword content within a course, select the course link below.
Course | Page Number |
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72 - Nonprofit Variable Pay | 3 |
18 - Intermediate Sanctions | 9 |
18 - Intermediate Sanctions | 4 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®