Foundations are subject to a 30 percent excise tax on "undistributed income" that isn't paid out by the first day of the second year following the taxable year.
It specifically describes the removal of a permanent intraperitoneal catheter . Foundations are subject to a 30 percent excise
It imposes an excise tax on foundations that fail to distribute a minimum amount of income for charitable purposes. Foundations are subject to a 30 percent excise