Sentence examples for excess benefit from inspiring English sources

Krakauer quotes a memo from a lawyer at the firm Copilevitz & Canter, who examined C.A.I.'s tax return and warned that the I.R.S. could cite Mortenson for receiving excess benefit from a charity.

L. 104 168 applicable to excess benefit transactions occurring on or after Sept. 14, 1995 and not applicable to any benefit arising from a transaction pursuant to any written contract which was binding on Sept. 13, 1995, and at all times thereafter before such transaction occurred, see section 1311(d)(1), (2) of Pub.

The formula for the spousal benefit is always the excess benefit formula.

The excess benefit tax that she is being hit with is almost $89,000.

On appeal, Farr advances no cogent argument with record support showing that the Tax Court erred in determining that she engaged in excess benefit transactions with AHA.

As outlined in the Tax Court decision, she was taxed under Section 4958 for excess benefit transactions because of expenses deemed to be personal run through the A.H.A.! checking accounts in 2010, 2011 and 2012.

Nonprofits are forbidden by law from giving excess benefits to the people responsible for running them.

There has been no accusation that either charity has violated federal law, which bars people with influence over nonprofits from deriving "excess benefits" from them.

But because Medicare systematically pays out far more in aggregate benefits than beneficiaries pay for, economists consider these excess benefits to be a form of income that theoretically should be taxed.

Rusty Leonard, an independent tax expert and the leader of Wall Watchers, a charity watchdog group that has long criticized TBN for financial secrecy, said televangelists often escape penalties for extravagant spending because the definition of taxable "excess benefits" is subjective, and authorities are reluctant to challenge religious groups.

There is little reason, one might argue, to hold that those who first use or claim rights over a natural resource should reap all the excess benefits that those resources provide.