If you are in one of the following roles of a non-profit organization, you should have a basic knowledge of the Intermediate Sanctions rules to protect yourself from IRS penalty taxes:
Trustee
Overseer
President
Executive VP and VP's
Senior Executives in the system
Deans and Vice Deans
Department Chairs
Physicians and/or Faculty within the organization
Someone with substantial influence over the affairs of the organization
Failure to comply with Intermediate Sanction rules could result in substantial personal penalty taxes, as well as an adverse impact on the organization. Click here for more.