Which of the following taxes that are imposed on private foundations is, effectively, an audit fee to defray IRS expenses?
A)Tax on self-dealing.
B)Tax on failure to distribute income.
C)Tax on excess business holdings.
D)Only a.and c.
E)None of the above.

Question

Quizplus · Accepted Answer

None of the taxes listed are specifically described as an audit fee to defray IRS expenses.

Which of the Following Taxes That Are Imposed on Private