Private foundations : excess business holdings (section 4943) /

Private foundations : excess business holdings (section 4943) /

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Bibliographic Details
Author / Creator:	Horwood, Richard M., author.
Imprint:	Arlington, VA : Tax Management, [2003]-
Description:	1 online resource
Language:	English
Series:	Estates, gifts and trusts portfolios ; 473-2nd Tax management portfolios ; 473-2nd.
Subject:	Charitable uses, trusts, and foundations -- Taxation -- United States.
Format:	E-Resource Journal
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/5669665

Hidden Bibliographic Details
Title varies:	Private foundations : excess business holdings
Other authors / contributors:	Wiktor, John R., author. Stoneman, Christopher G., author. Tax Management Inc., issuing body.
Frequency:	Updated irregularly
Notes:	Author: Christopher G. Stoneman, 2003-2010. Published: Washington, D.C., 2003-2007. Description based on contents viewed on August 14, 2019; title from description page.
Summary:	"Tax Management Portfolio, Private Foundations--Excess Business Holdings (Section 4943), No. 473-2nd, explains the application and operation of [section] 4943 of the Internal Revenue Code, which imposes an excise tax on the excess business holdings of private foundations and certain donor advised funds and supporting organizations. As a general rule, under [section] 4943, the combined holdings of a private foundation and its disqualified persons are limited to 20% of the voting stock in a business enterprise that is a corporation or 20% of the profits or beneficial interest in a business enterprise that is a partnership, limited liability company, joint venture or unincorporated association."
Other form:	Print version: Horwood, Richard M. Private foundations. Arlington, VA : Tax Management Inc., [2019]- 9781633593183

Table of Contents:

Detailed analysis. Introduction
Threshold requirements
Special rules for May 26, 1969 holdings and certain later acquisitions
Computation of initial tax and additional tax
Accumulated earnings tax and stock redemptions
Working papers.