Skip navigation
Haskell-GettyImages-143276821.jpg

Form 990-PF Revisions Are Long Overdue

Many of the sections are inapplicable to transitioning organizations.

Some public charities lose their tax-exempt status for failure to meet ongoing public support tests over a moving 5-year window.1 If such a public charity fails to meet the applicable support test for two consecutive years, Treasury regulations provide that it be treated as a private foundation (PF)—but only for certain purposes—as of the beginning of that second consecutive year (the “transition year”). Of course, a public charity may not know if it will fail the public

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish