Private foundations might get more options in picking tax professionals in grant-making process

01/7/2013 | Tax Adviser, The

The U.S. Internal Revenue Service has proposed regulations that would allow private foundations to broaden the type of tax professionals they select for good-faith determinations as to the public charity status of foreign grantees. The IRS thinks modifying the rules would lower the cost to receive these determinations.

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Tax Adviser, The