Which of the following are available options for the IRS in dealing with an exempt organization entering into prohibited transactions?
A)Attempt to subject all or part of the organization's income to Federal income tax.
B)Revoke the exempt status of the organization.
C)Impose intermediate sanctions in the form of threatened loss of exempt status.
D)Only a.and b.
E)a., b., and c.

Question

Quizplus · Accepted Answer

The Answer of Which of the following are available options for the IRS in dealing with an exempt organization entering into prohibited transactions?
A)Attempt to subject all or part of the organization's income to Federal income tax.
B)Revoke the exempt status of the organization.
C)Impose intermediate sanctions in the form of threatened loss of exempt status.
D)Only a.and b.
E)a., b., and c.

Which of the Following Are Available Options for the IRS