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Discussion of special private foundation excise tax rules that apply to estates in administration.

Tax rules applicable to certain estates with charitable beneficiaries.

IRS offers e-filing and payment options for employment tax returns of exempt organizations.

Information about Form 990-T, Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e)), including recent updates, related forms, and instructions on how to file. Form 990-T is used by exempt organizations to report certain income and tax liability.

Explanation of what are assets used for exempt purposes, in the context of the tax on private foundation failure to distribute income under Code section 4942.

Methods for valuing assets other than stock, cash, and interests in common trust funds.

Valuation of Assets - Private Foundation Minimum Investment Return: Valuation Date for Assets Valued Annually

IR-2023-244, Dec. 19, 2023 ¡ª In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.

Discussion of how to value assets when figuring the minimum investment return under Code section 4942.

Discussion of term used in definition of minimum investment return under Code section 4942.