Match the following statements.
-Private foundation
A)May be subject to some Federal income taxation, and classification may adversely affect the amount of charitable contributions received.
B)Tax imposed for engaging in transactions with disqualified persons.
C)Tax imposed for making investments that are too risky.
D)Tax imposed on investments that enable a private foundation to control unrelated for-profit businesses.

Question

Quizplus · Accepted Answer

Private foundations may be subject to federal income taxation, and their classification can impact the amount of charitable contributions they receive.

Match the Following Statements