Some of the excise taxes that may be imposed on private foundations may be imposed on both the private foundation and the foundation manager.

Question

Quizplus · Accepted Answer

Certain excise taxes, such as those related to self-dealing, failure to distribute income, and excess business holdings, can be imposed on both the private foundation itself and on the foundation managers who knowingly participate in the act leading to the tax.

Some of the Excise Taxes That May Be Imposed on Private