Home      Login


Foundation Need Not Withhold U.S. Tax on Grant to Foreign Nonprofit  


Author:  Staff Editors.


Source: Volume 05, Number 01, November/December 2005 , pp.7-7(1)




Family Foundation Advisor

< previous article |next article > |return to table of contents

Abstract: 

In PLR 200529004, the IRS clarified a point that has been a concern for some time among foundations engaged in international grantmaking. The tax withholding rules for various kinds of foreign payments, including grants, were amended in 2001 and as a result, family foundation were generally considered potentially responsible for withholding taxes on some grants, scholarships, and prizes paid to foreign organizations and non-U.S. citizens.

Keywords: 

Affiliations:  .

Subscribers click here to open full text in PDF.
Non-subscribers click here to purchase this article. $10

< previous article |next article > |return to table of contents