Charity ceded control and lost tax-exempt status
Article Abstract:
The author discusses the Tax Court case of Redlands Surgical Services where the court applied a control test to a joint venture between a nonprofit and a profit corporation to determine tax exempt status qualification. The court appears to have followed the IRS treatment found in Revenue Ruling 98-15.
Publisher: CCH, Inc.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1999
United States, Tax Law, Public Finance Activities, Religious, Grantmaking, Civic, Professional, and Similar Organizations, Nonprofit Institutions, Educational, religious, etc. trusts, Educational, Religious, Charitable Trusts, Grantmaking Foundations, Joint ventures, Charitable trusts, Nonprofit organizations, Tax exemption, Tax exemptions, Tax penalties
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1999
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New partnership noncompensatory option regulations
Article Abstract:
The US Treasury has issued proposed regulations on tax issues surrounding noncompensatory partnership options. The rules concern allocation of gain or loss by partnerships on the exercise of such options.
Publisher: CCH, Inc.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 2003
Legal issues & crime, Government regulation (cont), Government regulation, Partnerships, Taxes, Legal/Government Regulation, Tax accounting, Options (Finance), Partnership, Income tax, Recognition of gain or loss (Taxation), Recognized gain or loss (Taxation)
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 2003
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Subjects list: Taxation, Laws, regulations and rules
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