Exempt organization panel requests examples of joint ventures.
The Exempt Organization Taxation Technical Resource Panel is preparing an Information Letter Request to the Internal Revenue Service containing examples of ancillary joint ventures between tax-exempt organizations and for-profit investors that would not jeopardize the organization's exempt status. We are developing scenarios that illustrate situations not covered by the two extreme examples provided in Rev. Rul. 98-15. In addition, we will suggest...
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