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:

Environmental Challenges

Environmental challenges refer to the diverse issues impacting the natural environment, such as climate change, pollution, deforestation, and loss of biodiversity, which pose threats to ecosystems and human well-being.

UN Global Compact

A United Nations initiative to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.

Sustainable Practices

Efforts and policies designed to minimize negative environmental impacts while conserving energy and natural resources for future generations.

Millennium Development Goal

A set of eight international development goals established in 2000 aimed at addressing poverty, education, gender equality, and health.