Article Archives >> Ready Reference >> September 2002
Preview of Article:
Private Foundations Must Avoid Self-Dealing
Introduction
Disqualified persons and foundation managers can be personally liable for excise taxes for certain transactions even where it is clear that the foundation has suffered no loss
Private foundations are subject to a number of limitations and restrictions on their operations, but none is more sweeping — or potentially more likely to cause personal liability — than the limitations on “self-dealing” transactions.
Article Archives >> Ready Reference >> September 2002
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