Yahoo Web Search

Search results

1. People also ask

   What is a disqualified person?

   • IRC Section 4946 - Definition of Disqualified Person The term "disqualified person" is critical to the treatment and status of exempt organizations classified as private foundations. Identifying the disqualified persons of a private foundation is needed to analyze whether various Chapter 42 excise taxes apply.

   IRC Section 4946 - Definition of Disqualified Person | Internal Revenue

   www.irs.gov/charities-non-profits/irc-section-4946-definition-of-disqualified-person

   See all results for this question

   Is W A disqualified person?

   • W's management of a discrete segment of U that represents a substantial portion of its income and activities (as compared to U as a whole) places W in a position to exercise substantial influence over the affairs of U. Under these facts and circumstances, W is a disqualified person with respect to U. Example 12.

   26 CFR § 53.4958-3 - Definition of disqualified person

   www.law.cornell.edu/cfr/text/26/53.4958-3

   See all results for this question

   Can a government official be a disqualified person?

   • Government Officials. A government official may be a disqualified person with respect to a private foundation, but only for purposes of the self-dealing rules (not for purposes of other private foundation restrictions).

   What is a disqualified person? - NCFP

   www.ncfp.org/2013/05/15/what-is-a-disqualified-person/

   See all results for this question

   Is a taxpayer a disqualified person?

   • United States, 572 F. Supp. 9 (E.D. Ark. 1982), aff’d, 718 F.2d 290 (8th Cir. 1983), the court found that the taxpayer was a disqualified person with respect to a trust for purposes of IRC Section 4946. The court found the taxpayer to be a disqualified person because he was a family member (lineal descendant) of a deceased substantial contributor.

   IRC Section 4946 - Definition of Disqualified Person | Internal Revenue

   www.irs.gov/charities-non-profits/irc-section-4946-definition-of-disqualified-person

   See all results for this question

2. www.irs.gov › charities-non-profits › charitableDisqualified Person - Intermediate Sanctions | Internal ...

   www.irs.gov › charities-non-profits › charitable

   • Cached

   Jan 29, 2024 · A disqualified person is any person who was in a position to exercise substantial influence over the affairs of the applicable tax-exempt organization at any time during the lookback period.

   • Lookback Period

     The lookback period is the five-year period before the...

   • Substantial Influence

     The person is a substantial contributor to the organization;...

   • Definition

     A basic concept of the tax law relating to private...

   • Disqualified Persons

     Meaning of disqualified person as used in Code Chapter 42....

3. www.501c3.org › what-is-a-disqualified-person-in-aWhat is a Disqualified Person in a Nonprofit?

   www.501c3.org › what-is-a-disqualified-person-in-a

   • Cached

   Jul 3, 2023 · In this article, we define what a disqualified person is, why the IRS focuses on them, and what that means for your nonprofit.

4. www.law.cornell.edu › cfr › text26 CFR § 53.4958-3 - Definition of disqualified person ...

   www.law.cornell.edu › cfr › text

   • Cached

   Section 4958(f)(1) defines disqualified person, with respect to any transaction, as any person who was in a position to exercise substantial influence over the affairs of an applicable tax-exempt organization at any time during the five-year period ending on the date of the transaction (the lookback period).

5. www.fplglaw.com › insights › disqualified-person-bigDisqualified Person: Why It’s Such a Big Deal | For Purpose ...

   www.fplglaw.com › insights › disqualified-person-big

   • Cached

   Feb 6, 2018 · Definition of Disqualified Person. Section 4946 of the Internal Revenue Code provides the definition of “disqualified person ” by setting out a list: Substantial Contributors. Foundation Managers. Owner of more than 20 percent interest of certain organizations that are substantial contributors. Family Members (of persons described in 1-3)

6. www.ncfp.org › 05 › 15What is a disqualified person? - NCFP

   www.ncfp.org › 05 › 15

   • Cached

   May 15, 2013 · Basically, a disqualified person is a person—individual, corporation, partnership, trust, estate, or other foundation—that has one or more particular relationships with a private foundation. With regard to private foundations, such persons include: All Substantial Contributors to the Foundation.