Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can private foundations rely on information from IRS Publication 78 and the Internal Revenue Bulletin?

April 26, 2017Foundations Internal IRS private publication revenue

0

Posted

Can private foundations rely on information from IRS Publication 78 and the Internal Revenue Bulletin?

1 Answer

0

Posted

Yes. The Internal Revenue Service has long held that private foundations may rely on the classification of an organization listed in or covered by Publication 78 (See Rev. Proc. 82-39, 1982 – I.C.B. 759).