1. How does the IRS define who is a disqualified person for purposes of the sanctions on excess benefit transactions? Give details.

2. How does the IRS define what is an excess benefit transaction? Give details.

2. How is the amount of an excess benefit determined? Give details.

Please answer each question in complete sentences, and cite name and number of the IRS publication or form/instruction where you found each answer, and the page number on which the answer is found. Use your own words in the answer do not copy the IRS language