The excise taxes such as the tax on self-dealing and the tax on excess business holdings are imposed on exempt organizations classified as private foundations and are not imposed on exempt organizations classified as public charities.

Question

Quizplus · Accepted Answer

This statement is true. Excise taxes on self-dealing and excess business holdings are only imposed on private foundations, not public charities.

The Excise Taxes Such as the Tax on Self-Dealing and the Tax