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Correction period - jeopardizing investments by private foundation

The correction period begins with the date of the investment and ends 90 days after a notice of deficiency for the additional tax is mailed. This period is extended by any period during which a deficiency cannot be assessed because of pending Tax Court proceedings, and any other period the IRS determines is reasonable and necessary.

Additional information


Return to Life Cycle of a Private Foundation
Page Last Reviewed or Updated: 29-Apr-2014