[ Corporate Tax - Intermediate Sanctions Excise Taxes ]
Introduction
This Web site provides important information for all trustees, officers, and employees of
the University of Pennsylvania, UPHS, and other associated parties regarding the IRS
Intermediate Sanctions excise taxes. This site explains what Intermediate Sanctions are,
how they can adversely impact members of the Penn family, how they can indirectly hurt Penn,
and steps that should be taken to avoid imposition of these excise taxes.
Contents of This Web Site
This site contains a brief overview of the
Intermediate Sanctions rules and
definitions of terms as well as more
technical materials on the topic. It contains
a Powerpoint presentation useful in
educating yourself and your staff on critical
aspects of these rules. Most importantly,
the site contains the names of key Penn
contacts who are available to answer any
questions in this area and to assist you in
protecting against assessment of these
penalty taxes.
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Your Responsibility
It is your responsibility to determine if the
Intermediate Sanctions rules apply to you. This
Web site provides the information necessary to
assist you in making that determination.
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Comptroller Spotlights
Comptroller Offices
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