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Foundation Awards in Recognition of Past Achievements Are Not Taxable Expenditures  


Author:  Staff Editors.


Source: Volume 03, Number 03, March/April 2004 , pp.10-10(1)




Family Foundation Advisor

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Abstract: 

In PLR 200349007, a foundation was formed in memory of a well known science fiction writer who wrote a number of novels about outer space. One of its primary programs was to provide a periodic award to an individual or individuals for practical accomplishments in the field of commercial space activities.

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