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Private Letter Rulings Set-Aside Approved for Pending Litigation  


Author:  Staff Editors.


Source: Volume 09, Number 05, July/August 2010 , pp.12-12(1)




Family Foundation Advisor

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Abstract: 

In PLR 201015033, the IRS approved a foundation’s request to set aside funds while it is engaged in litigation and is under a court order prohibiting it from making any distributions while the litigation is pending.

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