Excess Business Holdings: A Primer
Author: Staff Editors.
Source: Volume 12, Number 05, July/August 2013 , pp.3-4(2)
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Abstract:
Covered: What Amount of Business Holdings Can a Foundation Own Without Triggering Taxes, How Allowed Ownership Can Change to Excess Ownership, the five-year period for disposing of excess business holdings and what happens if you exceed the period, and Two Recent Favorable Rulings. The where the IRS recently exercised its discretion to grant an extension.Keywords: IRC §4943; excise taxes; IRC §501
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