The IRS Believes That Three of the Areas of Concern

question 74

Multiple Choice

The IRS believes that three of the areas of concern with respect to tax-exempt organizations are:

• A) Cost allocations
• B) Excess executive compensation
• C) Organizations operating out of their tax-exempt purpose
• D) All the above

---

Definitions:

Salvador Allende

The first Marxist to become president of a Latin American country through open elections, serving as President of Chile from 1970 until his death in 1973.

Augusto Pinochet

A Chilean general and dictator who led a military coup in 1973, overthrowing President Salvador Allende and ruling the country until 1990, known for human rights abuses.

Socialist President

A president who follows or promotes socialist ideologies, aiming for a more equitable distribution of resources and wealth across society.

Shuttle Diplomacy

A form of diplomacy in which an intermediary travels between nations or parties involved in a conflict to negotiate agreements without them directly facing each other.