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Exempt Organizations Technical Guide›TG 62: Excise Taxes on Taxable Expenditures – IRC Section 4945›Table of Contents

A.1. First Tier Tax on Private Foundation

Publication 5590 — Exempt Organizations Technical Guide TG 62: Excise Taxes on Taxable Expenditures under IRC 4945 · 2026-10-03 edition · updated 2026-10-04 · United States

(1) A private foundation that made a taxable expenditure described in Section

4945(d) is subject to an excise tax equal to 20% of the amount of the taxable expenditure. See Section 4945(a)(1) (as amended by the PPA 2006 Pub. L. No. 109-280) and Treas. Reg. 53.4945-1(a).

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▸Contents — Publication 5590 — Exempt Organizations Technical Guide TG 62: Excise Taxes on Taxable Expenditures under IRC 4945
Publication 5590 — Exempt Organizations Technical Guide TG 62: Excise Taxes on Taxable Expenditures under IRC 4945

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