Title 26

PART 53

Part 53 - Foundation And Similar Excise Taxes

PART 53 - FOUNDATION AND SIMILAR EXCISE TAXES Authority:26 U.S.C. 7805; 4960.

Section 53.6060-1 also issued under 26 U.S.C. 6060(a);

Section 53.6081-1 also issued under 26 U.S.C. 6081(a);

Section 53.6109-1 also issued under 26 U.S.C. 6109(a);

Section 53.6109-2 also issued under 26 U.S.C. 6109(a);

Section 53.6695-1 also issued under 26 U.S.C. 6695(b).

26:19.0.1.1.4.1SUBPART A
Subpart A - Taxes on Investment Income
26:19.0.1.1.4.1.1.1SECTION 53.4940-1
   53.4940-1 Excise tax on net investment income.
26:19.0.1.1.4.2SUBPART B
Subpart B - Taxes on Self-Dealing
26:19.0.1.1.4.2.1.1SECTION 53.4941(a)-1
   53.4941(a)-1 Imposition of initial taxes.
26:19.0.1.1.4.2.1.2SECTION 53.4941(b)-1
   53.4941(b)-1 Imposition of additional taxes.
26:19.0.1.1.4.2.1.3SECTION 53.4941(c)-1
   53.4941(c)-1 Special rules.
26:19.0.1.1.4.2.1.4SECTION 53.4941(d)-1
   53.4941(d)-1 Definition of self-dealing.
26:19.0.1.1.4.2.1.5SECTION 53.4941(d)-2
   53.4941(d)-2 Specific acts of self-dealing.
26:19.0.1.1.4.2.1.6SECTION 53.4941(d)-3
   53.4941(d)-3 Exceptions to self-dealing.
26:19.0.1.1.4.2.1.7SECTION 53.4941(d)-4
   53.4941(d)-4 Transitional rules.
26:19.0.1.1.4.2.1.8SECTION 53.4941(e)-1
   53.4941(e)-1 Definitions.
26:19.0.1.1.4.2.1.9SECTION 53.4941(f)-1
   53.4941(f)-1 Effective dates.
26:19.0.1.1.4.3SUBPART C
Subpart C - Taxes on Failure To Distribute Income
26:19.0.1.1.4.3.1.1SECTION 53.4942(a)-1
   53.4942(a)-1 Taxes for failure to distribute income.
26:19.0.1.1.4.3.1.2SECTION 53.4942(a)-2
   53.4942(a)-2 Computation of undistributed income.
26:19.0.1.1.4.3.1.3SECTION 53.4942(a)-3
   53.4942(a)-3 Qualifying distributions defined.
26:19.0.1.1.4.3.1.4SECTION 53.4942(b)-1
   53.4942(b)-1 Operating foundations.
26:19.0.1.1.4.3.1.5SECTION 53.4942(b)-2
   53.4942(b)-2 Alternative tests.
26:19.0.1.1.4.3.1.6SECTION 53.4942(b)-3
   53.4942(b)-3 Determination of compliance with operating foundation tests.
26:19.0.1.1.4.4SUBPART D
Subpart D - Taxes on Excess Business Holdings
26:19.0.1.1.4.4.1.1SECTION 53.4943-1
   53.4943-1 General rule; purpose.
26:19.0.1.1.4.4.1.2SECTION 53.4943-2
   53.4943-2 Imposition of tax on excess business holdings of private foundations.
26:19.0.1.1.4.4.1.3SECTION 53.4943-3
   53.4943-3 Determination of excess business holdings.
26:19.0.1.1.4.4.1.4SECTION 53.4943-4
   53.4943-4 Present holdings.
26:19.0.1.1.4.4.1.5SECTION 53.4943-5
   53.4943-5 Present holdings acquired by trust or a will.
26:19.0.1.1.4.4.1.6SECTION 53.4943-6
   53.4943-6 Five-year period to dispose of gifts, bequests, etc.
26:19.0.1.1.4.4.1.7SECTION 53.4943-7
   53.4943-7 Special rules for readjustments involving grandfathered holdings.
26:19.0.1.1.4.4.1.8SECTION 53.4943-8
   53.4943-8 Business holdings; constructive ownership.
26:19.0.1.1.4.4.1.9SECTION 53.4943-9
   53.4943-9 Business holdings; certain periods.
26:19.0.1.1.4.4.1.10SECTION 53.4943-10
   53.4943-10 Business enterprise; definition.
26:19.0.1.1.4.4.1.11SECTION 53.4943-11
   53.4943-11 Effective/applicability date.
26:19.0.1.1.4.5SUBPART E
Subpart E - Taxes on Investments Which Jeopardize Charitable Purpose
26:19.0.1.1.4.5.1.1SECTION 53.4944-1
   53.4944-1 Initial taxes.
26:19.0.1.1.4.5.1.2SECTION 53.4944-2
   53.4944-2 Additional taxes.
26:19.0.1.1.4.5.1.3SECTION 53.4944-3
   53.4944-3 Exception for program-related investments.
26:19.0.1.1.4.5.1.4SECTION 53.4944-4
   53.4944-4 Special rules.
26:19.0.1.1.4.5.1.5SECTION 53.4944-5
   53.4944-5 Definitions.
26:19.0.1.1.4.5.1.6SECTION 53.4944-6
   53.4944-6 Special rules for investments made prior to January 1, 1970.
26:19.0.1.1.4.6SUBPART F
Subpart F - Taxes on Taxable Expenditures
26:19.0.1.1.4.6.1.1SECTION 53.4945-1
   53.4945-1 Taxes on taxable expenditures.
26:19.0.1.1.4.6.1.2SECTION 53.4945-2
   53.4945-2 Propaganda influencing legislation.
26:19.0.1.1.4.6.1.3SECTION 53.4945-3
   53.4945-3 Influencing elections and carrying on voter registration drives.
26:19.0.1.1.4.6.1.4SECTION 53.4945-4
   53.4945-4 Grants to individuals.
26:19.0.1.1.4.6.1.5SECTION 53.4945-5
   53.4945-5 Grants to organizations.
26:19.0.1.1.4.6.1.6SECTION 53.4945-6
   53.4945-6 Expenditures for noncharitable purposes.
26:19.0.1.1.4.7SUBPART G
Subpart G - Definitions and Special Rules
26:19.0.1.1.4.7.1.1SECTION 53.4946-1
   53.4946-1 Definitions and special rules.
26:19.0.1.1.4.8SUBPART H
Subpart H - Application to Certain Nonexempt Trusts
26:19.0.1.1.4.8.1.1SECTION 53.4947-1
   53.4947-1 Application of tax.
26:19.0.1.1.4.8.1.2SECTION 53.4947-2
   53.4947-2 Special rules.
26:19.0.1.1.4.9SUBPART I
Subpart I - Tax on Investment Income of and Denial of Exemption to Certain Foreign Organizations
26:19.0.1.1.4.9.1.1SECTION 53.4948-1
   53.4948-1 Application of taxes and denial of exemption with respect to certain foreign organizations.
26:19.0.1.1.4.10SUBPART J
Subpart J - Black Lung Benefit Trust Excise Taxes
26:19.0.1.1.4.10.1.1SECTION 53.4951-1
   53.4951-1 Black lung trusts - taxes on self-dealing.
26:19.0.1.1.4.10.1.2SECTION 53.4952-1
   53.4952-1 Black lung trusts - taxes on taxable expenditures.
26:19.0.1.1.4.11SUBPART K
Subpart K - Second Tier Excise Taxes
26:19.0.1.1.4.11.1.1SECTION 53.4955-1
   53.4955-1 Tax on political expenditures.
26:19.0.1.1.4.11.1.2SECTION 53.4958-0
   53.4958-0 Table of contents.
26:19.0.1.1.4.11.1.3SECTION 53.4958-1
   53.4958-1 Taxes on excess benefit transactions.
26:19.0.1.1.4.11.1.4SECTION 53.4958-2
   53.4958-2 Definition of applicable tax-exempt organization.
26:19.0.1.1.4.11.1.5SECTION 53.4958-3
   53.4958-3 Definition of disqualified person.
26:19.0.1.1.4.11.1.6SECTION 53.4958-4
   53.4958-4 Excess benefit transaction.
26:19.0.1.1.4.11.1.7SECTION 53.4958-5
   53.4958-5 Transaction in which the amount of the economic benefit is determined in whole or in part by the revenues of one or more activities of the organization. [Reserved]
26:19.0.1.1.4.11.1.8SECTION 53.4958-6
   53.4958-6 Rebuttable presumption that a transaction is not an excess benefit transaction.
26:19.0.1.1.4.11.1.9SECTION 53.4958-7
   53.4958-7 Correction.
26:19.0.1.1.4.11.1.10SECTION 53.4958-8
   53.4958-8 Special rules.
26:19.0.1.1.4.11.1.11SECTION 53.4959-1
   53.4959-1 Taxes on failures by hospital organizations to meet section 501(r)(3).
26:19.0.1.1.4.11.1.12SECTION 53.4960-0
   53.4960-0 Table of contents.
26:19.0.1.1.4.11.1.13SECTION 53.4960-1
   53.4960-1 Scope and definitions.
26:19.0.1.1.4.11.1.14SECTION 53.4960-2
   53.4960-2 Determination of remuneration paid for a taxable year.
26:19.0.1.1.4.11.1.15SECTION 53.4960-3
   53.4960-3 Determination of whether there is a parachute payment.
26:19.0.1.1.4.11.1.16SECTION 53.4960-4
   53.4960-4 Liability for tax on excess remuneration and excess parachute payments.
26:19.0.1.1.4.11.1.17SECTION 53.4960-5
   53.4960-5 [Reserved]
26:19.0.1.1.4.11.1.18SECTION 53.4960-6
   53.4960-6 Applicability date.
26:19.0.1.1.4.11.1.19SECTION 53.4961-1
   53.4961-1 Abatement of second tier taxes for correction within correction period.
26:19.0.1.1.4.11.1.20SECTION 53.4961-2
   53.4961-2 Court proceedings to determine liability for second tier tax.
26:19.0.1.1.4.11.1.21SECTION 53.4963-1
   53.4963-1 Definitions.
26:19.0.1.1.4.11.1.22SECTION 53.4965-1
   53.4965-1 Overview.
26:19.0.1.1.4.11.1.23SECTION 53.4965-2
   53.4965-2 Covered tax-exempt entities.
26:19.0.1.1.4.11.1.24SECTION 53.4965-3
   53.4965-3 Prohibited tax shelter transactions.
26:19.0.1.1.4.11.1.25SECTION 53.4965-4
   53.4965-4 Definition of tax-exempt party to a prohibited tax shelter transaction.
26:19.0.1.1.4.11.1.26SECTION 53.4965-5
   53.4965-5 Entity managers and related definitions.
26:19.0.1.1.4.11.1.27SECTION 53.4965-6
   53.4965-6 Meaning of “knows or has reason to know”.
26:19.0.1.1.4.11.1.28SECTION 53.4965-7
   53.4965-7 Taxes on prohibited tax shelter transactions.
26:19.0.1.1.4.11.1.29SECTION 53.4965-8
   53.4965-8 Definition of net income and proceeds and standard for allocating net income or proceeds to various periods.
26:19.0.1.1.4.11.1.30SECTION 53.4965-9
   53.4965-9 Effective/applicability dates.
26:19.0.1.1.4.11.1.31SECTION 53.4968-1
   53.4968-1 Excise tax based on investment income of certain private colleges and universities.
26:19.0.1.1.4.11.1.32SECTION 53.4968-2
   53.4968-2 Net investment income.
26:19.0.1.1.4.11.1.33SECTION 53.4968-3
   53.4968-3 Related organizations.
26:19.0.1.1.4.11.1.34SECTION 53.4968-4
   53.4968-4 Applicability date.
26:19.0.1.1.4.12SUBPART L
Subpart L - Procedure and Administration
26:19.0.1.1.4.12.1.1SECTION 53.6001-1
   53.6001-1 Notice or regulations requiring records, statements, and special returns.
26:19.0.1.1.4.12.1.2SECTION 53.6011-1
   53.6011-1 General requirement of return, statement or list.
26:19.0.1.1.4.12.1.3SECTION 53.6011-4
   53.6011-4 Requirement of statement disclosing participation in certain transactions by taxpayers.
26:19.0.1.1.4.12.1.4SECTION 53.6060-1
   53.6060-1 Reporting requirements for tax return preparers.
26:19.0.1.1.4.12.1.5SECTION 53.6061-1
   53.6061-1 Signing of returns and other documents.
26:19.0.1.1.4.12.1.6SECTION 53.6065-1
   53.6065-1 Verification of returns.
26:19.0.1.1.4.12.1.7SECTION 53.6071-1
   53.6071-1 Time for filing returns.
26:19.0.1.1.4.12.1.8SECTION 53.6081-1
   53.6081-1 Automatic extension of time for filing the return to report taxes due under section 4951 for self-dealing with a nuclear decommissioning fund.
26:19.0.1.1.4.12.1.9SECTION 53.6091-1
   53.6091-1 Place for filing chapter 42 tax returns.
26:19.0.1.1.4.12.1.10SECTION 53.6091-2
   53.6091-2 Exceptional cases.
26:19.0.1.1.4.12.1.11SECTION 53.6107-1
   53.6107-1 Tax return preparer must furnish copy of return or claim for refund to taxpayer and must retain a copy or record.
26:19.0.1.1.4.12.1.12SECTION 53.6109-1
   53.6109-1 Tax return preparers furnishing identifying numbers for returns or claims for refund filed.
26:19.0.1.1.4.12.1.13SECTION 53.6151-1
   53.6151-1 Time and place for paying tax shown on returns.
26:19.0.1.1.4.12.1.14SECTION 53.6161-1
   53.6161-1 Extension of time for paying tax or deficiency.
26:19.0.1.1.4.12.1.15SECTION 53.6165-1
   53.6165-1 Bonds where time to pay tax or deficiency has been extended.
26:19.0.1.1.4.12.1.16SECTION 53.6601-1
   53.6601-1 Interest on underpayment, nonpayment, or extensions of time for payment, of tax.
26:19.0.1.1.4.12.1.17SECTION 53.6651-1
   53.6651-1 Failure to file tax return or to pay tax.
26:19.0.1.1.4.12.1.18SECTION 53.6694-1
   53.6694-1 Section 6694 penalties applicable to tax return preparer.
26:19.0.1.1.4.12.1.19SECTION 53.6694-2
   53.6694-2 Penalties for understatement due to an unreasonable position.
26:19.0.1.1.4.12.1.20SECTION 53.6694-3
   53.6694-3 Penalty for understatement due to willful, reckless, or intentional conduct.
26:19.0.1.1.4.12.1.21SECTION 53.6694-4
   53.6694-4 Extension of period of collection when tax return preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.
26:19.0.1.1.4.12.1.22SECTION 53.6695-1
   53.6695-1 Other assessable penalties with respect to the preparation of tax returns or claims for refund for other persons.
26:19.0.1.1.4.12.1.23SECTION 53.6696-1
   53.6696-1 Claims for credit or refund by tax return preparers.
26:19.0.1.1.4.12.1.24SECTION 53.7101-1
   53.7101-1 Form of bonds.
26:19.0.1.1.4.12.1.25SECTION 53.7701-1
   53.7701-1 Tax return preparer.