If the domestic foundation meets the requirement of the Section 4940(e), the net value of the noncharitable-use assets for the current year of the Qualification Under Section 4940(e) for Reduced Tax on Investment Income must be equal to the net value of noncharitable-use assets of the Minimum Investment Return.
For the foundation that met the requirement of Section 4940(e), the net value of the noncharitable-use assets of the Qualification Under Section 4940(e) for Reduced Tax on Investment Income doesn't match the net value of noncharitable-use assets of the Minimum Investment Return.
If your private foundation meets the requirement of Section 4940(e), make sure the net value of the noncharitable-use assets of the Qualification Under Section 4940(e) for Reduced Tax on Investment Income matches the net value of noncharitable-use assets of the Minimum Investment Return.
For any further assistance, we recommend contacting the IRS e-Help Desk Toll-Free Number 1-866-255-0654.
