Example: dental hygienist
Search results with tag "Private operating foundations"
Instructions for Form 1023 (Rev. January 2020)
www.irs.govPrivate operating foundations. A private operating foundation actively conducts exempt programs. Private operating foundations are subject to more favorable rules than other private foundations in terms of charitable contribution deductions and attracting grants from private foundations. In order to be classified as a private operating ...
N. PRIVATE OPERATING FOUNDATIONS
www.irs.govDec 31, 1981 · exempt under IRC 501(c)(3) transferred little, if any, of their income to charitable causes. Under the provisions of IRC 4942(a)(1) and IRC 4942(b), operating foundations are not subject to the initial and additional taxes under IRC 4942 for failure to distribute income to which nonoperating foundations are subject.