Which of the Following Are Available Options for the IRS

question 3

Multiple Choice

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 excise taxes.
• D) Only a. and b.
• E) a., b., and c.

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Definitions:

Diphenhydramine

An antihistamine drug used to treat allergic reactions, insomnia, and motion sickness, also known for its sedative properties.

Stiffly Fixed Position

Describes a physical state or condition where movement is restricted or a posture is maintained rigidly without flexibility.

Fluphenazine

An antipsychotic medication used to treat symptoms of schizophrenia and other psychotic disorders by blocking certain chemicals in the brain.

Pseudoparkinsonism

A condition that mimics the symptoms of Parkinson’s disease, such as tremors, rigidity, and bradykinesia, often caused by medication side effects.