Likewise, qualifying distributions
are not taxable.
If total Tax Year 2009 qualifying distributions
were larger than the total of averaged qualifying distributions
made between 2004 and 2008 plus 1 percent of Tax Year 2009 net investment income, a foundation was eligible for the reduced tax rate for Tax Year 2009.
Chris may not make any qualifying distributions
from his Roth IRAs until after 2008, the fifth taxable year following the first Roth IRA contribution.
The status of the economy and the stock market affect assets and giving levels, which in turn affect the charitable administrative expense portion of qualifying distributions
6) The distributions are assumed to be qualifying distributions
so that all returns are received tax free.
The House bill also includes a provision that would reduce the excise tax on private foundation investment earnings and eliminate administrative expenses from qualifying distributions
for all private foundations.
You also can claim a Hope or Lifetime Learning Credit, and exclude qualifying distributions
from an Education IRA in the same year, as long as the distribution isn't used for the same expenses as the credits.
from Section 529 plans will be federal income tax-free beginning next year as well.
Members of a consolidated group generally elect the 100 percent dividends-received deduction under section 243(a)(3) of the Code for qualifying distributions
federal corporate income tax on its investment income if the company makes qualifying distributions
of its income to stockholders.
Private Foundations: Achieving Maximum Use of Excess Qualifying Distributions
," The Tax Adviser, April 02, page 225
They also cannot count payments to other types of SOs which are controlled by disqualified persons of the foundation as qualifying distributions