IRS: Nonprofits Won't Jeopardize Status in Joint Ventures

Ferris, Craig T.
May 2004
Bond Buyer;5/10/2004, Vol. 348 Issue 31880, p32
Trade Publication
Reports that the Internal Revenue Service has issued a revenue ruling making clear that nonprofit hospitals and other tax-exempt organizations can participate in joint ventures and not jeopardize their nonprofit status. Revenue ruling 2004-51; Request of tax-exempt organizations on how to structure joint ventures when the joint venture represents only an insubstantial part of the exempt organization's activities.


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