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    • 2026 Marginal Production Percentage Depletion Rates Announced (Notice 2026-35)
    • Code Sec. 1361: Extension Granted to File QSub Election (LTR 202624004)
    • Code Sec. 1362: Entity Granted Relief for Inadvertent S Corporation and QSub Elections (LTR 202624006)
    • Code Sec. 168: Extension Granted to Make Election (LTR 202624003)
    • Code Sec. 401: IRS Rules on Beneficiaries’ Interest in IRA and More (LTR 202624001)
    • Code Sec. 468B: Trust Held to be Qualified Settlement Fund and More (LTR 202624002)
    • Code Sec. 4945: Procedure for Awarding Scholarship Approved (LTR 202624010)
    • Code Sec. 501: Organization's Exempt Status Denied (LTR 202624008)
    • Code Sec. 6033: Organization Not Required to File Form 990 (LTR 202624009)
    • Code Sec. 614: Consent Granted to Aggregate Separate Nonoperating Mineral Interest (LTR 202624005)
    • Code Sec. 754: Entity Granted Extension to Make Basis Adjustment Election (LTR 202624007)
    • House Committee Continues Work On Digital Asset Tax Legislation
    • IRS Releases I.R.B. 2026-25
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    Federal Tax Day - Current, L.9, Code Sec. 4945: Procedure for Awarding Scholarship Approved (LTR 202624010), (Jun 15, 2026)

    The procedure for awarding scholarship of a private foundation was approved under Code Sec. 4945. The foundation proposed to grant scholarships to individuals to support formal educational opportunities, with funds restricted to qualified educational ...

    The procedure for awarding scholarship of a private foundation was approved under Code Sec. 4945. The foundation proposed to grant scholarships to individuals to support formal educational opportunities, with funds restricted to qualified educational expense. Further, the expenditures made under this procedure would not be taxable. The award was made on a non-discriminatory basis and was subject to Code Sec. 117(b).

    IRS Letter Ruling 202624010

    • Code Sec. 4945

      • CCH Reference - FED ¶34,107.438

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