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Comptroller's Office
University of Pennsylvania
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3451 Walnut Street
Philadelphia, PA 19104
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215.746.7630 (Fax)

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Office of the Comptroller

[ 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.

 
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.

Comptroller Spotlights

GL Object Codes FY2018
Concur Expense Type/Object Code Matrix (2018)
FY2017 Closing Instructions
FY17 Closing Calendar QRG
Guide to Year-End Closing
School Closing Summary Template

Comptroller Offices

Accounting
Accounts Payable
BEN
Tax and International Operations
Payroll
Travel
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