Opinions of Counsel—The Foundation Manager's Defense Mechanism
Author: Jerry McCoy .
Source: Volume 03, Number 03, March/April 2004 , pp.1-4(4)
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Abstract:
Broad Reach of Self-Dealing Penalties a Problem - Even if they don’t know all of the technical details, people who operate or manage private foundations are generally familiar with the basic principles of the penalty tax on acts of self-dealing. In most cases, they know enough to stay out of trouble, and accomplish this by avoiding virtually any action that could possibly be construed as an act of self-dealing.Keywords:
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