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October 13, 2023

IRS releases final regulations on gifts to supporting organizations

The Treasury Department and IRS have released final regulations (TD 9981) on the prohibition of certain gifts or contributions to Type I and Type III supporting organizations from controlling donors as well as addressing certain other requirements for Type III organizations. The final regulations adopt the proposed regulations (REG-118867-10) with some modifications (see Tax Alert 2016-0366). A Tax Alert is forthcoming.

Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor