IRS Logo
Print - Click this link to Print this page

Life Cycle of a Private Foundation - Private Letter Rulings

The IRS will rule on the tax consequence of proposed changes to a foundation's purposes or activities. Thus, if you are unsure about whether proposed changes are consistent with your status as a section 501(c)(3) organization, you may want to request a private letter ruling or determination letter. Revenue Procedure 2013-4 (or latest update) provides procedures for such requests.

In some areas, the law requires that an organization notify the Internal Revenue Service or receive an advance determination before undertaking a transaction resulting in certain tax consequences. Thus, a foundation must request a private letter ruling or determination with respect to the following issues:

A foundation must also notify the IRS when it intends to terminate its private foundation status voluntarily under Code section 507(a)(1).

Additional information

New Form 8940 for Miscellaneous Determination Requests

 

 


Return to Life Cycle of a Private Foundation

Page Last Reviewed or Updated: 05-Nov-2013