Self-Dealing in the United States
Prohibition on Self-Dealing Explained
References
See Also
- Business Law
Definition of Self-Dealing
A concept of Self-Dealing applicable in the United States: Any financial transaction between a private foundation and its disqualified persons, other than reasonable compensation for services. Such selfdealing transactions, even those that provide a below-market rate benefit to a disqualified person, are generally prohibited under Section 4941 of the Internal Revenue Code. See also Disqualified Persons, Excess Benefit Transaction.
Resources
See Also
- Charity
- Foundation
- NGOs
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