Joint committee on taxation issues tax simplification study
- Publisher
- John Wiley and Sons
- Year
- 2001
- Weight
- 125 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0742-3497
No coin nor oath required. For personal study only.
โฆ Synopsis
With some tinkering with the facts, the outcome in this case could be dcferent. For example, if F paid the foundation fair value for access to the collection, there would not be private bene3t. Or, if the book project was that of the foundation, rather than a commercial one, the outcome would be different.
Far more important, however, is this3ne example of how the private bene$t doctrine applies in the private foundation setting. This is another of the traps to be found in the foundation setting.
Considerthis:Ifatransaction is betweenaprivate foundation and a disqualijkd person, then, under the general rules at least, the transaction would be self dealing. IJ; however, a disqualijkd person is not in the
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