IRS PLR: Organization Is Instrumentality of State Political Subdivisons.

The IRS ruled that an organization that is a consolidated department of all incorporated cities in a state is a wholly owned instrumentality of political subdivisions of the state and, thus, contributions to the organization may be deductible under section 170(c)(1).

Read the Private Letter Ruling.



Copyright © 2024 Bond Case Briefs | bondcasebriefs.com