Tax990 Knowledge Base
Have questions? We've got you covered!Is a charitable trust required to pay the excise tax?
According to the IRS, a charitable trust is treated as a private foundation. Therefore, it is considered tax-exempt unless it meets the requirements for one of the exclusions that classify it as a public charity. An excise tax will be imposed on a charitable trust if it detracts from and fails to provide services to further its exempt purposes.
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