Disclaimers and private foundations.

The Tax AdviserVol. 36 Nbr. 8, August 2005

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Disclaimers and private foundations.

Recently, Letter Rulings 200518012 and 200519042 held that disclaimers were qualified, despite the fact that the disclaimant maintained a role with respect to private foundations that received the disclaimed property.

Background

A disclaimer occurs when a person ent...

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