Sharon T. asked
I serve as Director and Trustee for a 501(c)(3) non-profit organization that owns a piece of property. What does our board need to do if and when we sell the property and would want to use the funds as a kind of ‘pension’ for me when I turn 65? I am 58 now and would like to obtain advice as to whether this would be permissible.
July 5th, 2023
Lisa J. answered
To ensure compliance with IRS rules and avoid issues of 'personal inurement,' where it appears a mem...
July 5th, 2023
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