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This page contains a single entry by Associate Editor published on February 22, 2010 11:39 AM.

PLR 201006033: Private Foundation's Scholarships Not Taxable Expenditures was the previous entry in this blog.

PLR 201006023: Modifications to Trust Under Settlement Agreement Do Not Trigger Generation-Skipping Tax is the next entry in this blog.

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PLR 201006032: IRS Revokes Ruling on Private Foundation's Subsidiary as Functionally Related

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Associate Editor
on February 22, 2010 TrackBacks (0) Comments (0)

In PLR 201006032, the IRS revoked a prior letter ruling (PLR 200709065) that found a wholly-owned subsidiary of a nonprofit private foundation would be a functionally related business under Internal Revenue Code section 4942(j)(4).

Posted by Jenny Robertson, Associate Editor, Wealth Strategies Journal.

 

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