New Regs Promised But Not Delivered: Should You File a Refund Claim?
Author: Staff Editors.
Source: Volume 04, Number 04, May/June 2005 , pp.8-8(1)
< previous article |next article > |return to table of contents
Abstract:
A long-pending promise from the IRS may have practical implications for some foundations that have received distributions from charitable lead trusts and treated a portion thereof as the existing regulations direct. It turns out the regulations are wrong, and the IRS admits it. Time may be running out for some of the affected foundations to file refund claims for past years.Keywords:
Affiliations:
.