The irs can impose intermediate sanctions on a public, Ask an Expert

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The IRS can impose intermediate sanctions on a public charity if its gross unrelated business income exceeds 50% of its gross income, or if less than two-thirds of its net unrelated business income is used in carrying out its tax-exempt mission. Evaluate this statement.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411329

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