July 28, 2014
IRS clarifies tax treatment for certain contributions to companies wholly-owned by U.S. charities

08/25/2012

Recently, an IRS Notice clarified that certain contributions to domestic single-member limited liability companies (SMLLC) that are wholly-owned by U.S. charities may be treated as a charitable contribution to a branch or division of the U.S. charity for tax purposes. Implementing the Notice may result in certain administrative requirements of the U.S. charity and may require state-specific tax treatment. For details, click here.


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