For each of the following taxes that are imposed on private foundations and/or foundation managers, match the appropriate initial tax or additional tax.
-Tax on excess business holdings
A) 10% initial tax and 25% additional tax on private foundation.
B) 30% initial tax and 100% additional tax on private foundation.
C) 10% initial tax and 200% additional tax on private foundation.
D) 10% initial tax and 100% additional tax on disqualified person.
E) 10% initial tax and 200% additional tax on the disqualified person.
Correct Answer:
Verified
Q61: Match the following statements.
-Form 990.
A)Exempt from tax
Q61: Match the following statements.
-Form 990.
A)Exempt from tax
Q62: For each of the following taxes that
Q63: Match the following statements.
-Debt-financed income is the
Q67: Match the following statements.
-The trade or business
Q68: Match the following statements.
-The trade or business
Q69: Give an example of the indicated types
Q70: For each of the following taxes that
Q71: Match the following statements.
-Form 990-PF.
A)Exempt from tax
Q72: For each of the following taxes that
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