Which of the following taxes can be imposed on private foundations?
Which of the following taxes can be imposed on private foundations?
A)Tax on self-dealing.
B)Tax on failure to distribute income.
C)Tax on excess business holdings.
D)Only a.and c.
E)All of the above.

Question

Quizplus · Accepted Answer

Private foundations can be subject to taxes on self-dealing, failure to distribute income, and excess business holdings, among other specific excise taxes.

Which of the Following Taxes Can Be Imposed on Private