From the IRS: Let Me Outta Here! Terminating Private Foundation Status
Author: Staff Editors.
Source: Volume 09, Number 03, March/April 2010 , pp.4-4(1)
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Abstract:
Once an organization is classified as a private foundation for tax purposes, it becomes subject to the full array of penalties, restrictions, and other requirements imposed upon private foundations. It is no surprise, then, to learn that it is not easy to escape from the stigma of private foundation status.Keywords:
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