Which of the following is not an excise tax that may be imposed on a private foundation?
A) Tax on jeopardizing investments.
B) Tax on self-dealing.
C) Tax on excessive foundation manager compensation.
D) Tax on excess business holdings.
E) All of these taxes may be imposed on a private foundation.

Question

Quizplus · Accepted Answer

The tax on excessive foundation manager compensation is not an excise tax imposed on private foundations. The other options are excise taxes that can be imposed on private foundations.

Which of the Following Is Not an Excise Tax That