Exempt Organizations Technical Guide›TG 65: Excise Taxes - Excess Benefit Transactions - IRC Section 4958›Table of Contents
Revenue Agent Report
0224 Publ 5835 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
(1) An initial examination report or formal examination report may be issued. See IRM
4.70.14, Resolving the Examination, (or its successor) for requirements for each report.
(2) See the following sample forms that may be required in the examination report,
showing the initial taxes under Section 4958(a)(1) and organization manager taxes under Section 4958(a)(2) using the scenario above and assuming the taxpayer has corrected the transaction.
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(3) See the below sample forms that may be required in the examination report,
showing the initial taxes under Section 4958(a)(1), organization manager taxes under Section 4958(a)(2) and additional taxes under Section 4958(b) using the scenario above and assuming the taxpayer has NOT corrected the transaction.
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