The BNN Tax-Exempt Organizations Blog

Posts tagged Excess benefit transactions

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The Scary Realm of Excess Benefit Transactions

Now that the Form 990 is about to enter its sixth year since it was substantially redesigned, our clients have become increasingly familiar with its intricacies.  With this familiarity have come more complex questions being asked of us during the return preparation process.  Some of the questions we seem to be getting with greater regularity have been with regard to excess benefit transactions. This post is intended to touch upon what an excess benefit transaction is and what to do about it should one have taken place.