Exceptions - Taxes on failure to distribute income

Exceptions to the taxes on failure to distribute income by private foundations.
General Information
Charities and Nonprofits

Issue snapshot – Third party loans from plans

A qualified plan may invest in loans to third parties. In this context, a third party loan is any loan other than a loan to a plan participant.
General Information

Private operating foundation - Assets test

Assets test for classification of a private foundation as a private operating foundation.
General Information
Charities and Nonprofits

Retirement topics - Plan assets

Retirement topics - Plan assets
General Information
Administrators

Updates to 2022 Schedule MB instructions pursuant to IRC 432(k)

IRC 432(k), added by section 9704 of the American Rescue Plan Act of 2021, provides rules relating to eligible multiemployer defined benefit plans that apply to PBGC for special financial assistance.
General Information
Businesses

Correction period: Failure to distribute income

Discussion of the correction period for private foundation failure to distribute income under Code section 4942.
General Information
Charities and Nonprofits

Information on Donated Property for Tax Professionals

Information on Donated Property (non-cash contributions) for Tax Professionals
General Information
Charities and Nonprofits

Private foundation termination tax

Discussion of the tax under Code section 507(c) imposed upon termination of a private foundation.
General Information
Charities and Nonprofits

Reporting requirements: Exempt organization annual returns

Reporting Requirements - Exempt Organization Annual Returns (donated property)
General Information
Charities and Nonprofits

Large Business & International directives

LB&I directives provide industry-related and administrative guidance to LB&I examiners to ensure consistent tax administration. The directives do not establish Service position on legal issues and are not legal guidance.
General Information
Corporations