Private foundations : excess business holdings (section 4943) / Richard M. Horwood, Esq. and John R. Wiktor, Esq., Horwood Marcus & Berk Chtd., Chicago, Illinois.

Private foundations : excess business holdings <may 12, 2010>

Arlington, VA : Tax Management, [2003]-

1 online resource.

Updated irregularly

Tax management portfolios ; 473-2nd.

"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."

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.

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Print version: Horwood, Richard M. Private foundations. Arlington, VA : Tax Management Inc., [2019]-

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