Willful agreement to taxable expenditure

<irsStandard>
<VignVCMId>41687434ee816310VgnVCM100000351f0a0aRCRD</VignVCMId>
<VignStatus>approved</VignStatus>
<VignLogicalPath>/PUP/charities/foundations/</VignLogicalPath>
<VignName>Willful agreement to taxable expenditure</VignName>
<PublishDate>2012-05-08T04:05:00Z</PublishDate>
<UnpublishDate>2013-04-30T04:04:00Z</UnpublishDate>
<LastPublishDate>2012-08-17T23:16:36Z</LastPublishDate>
<irsCommon-id>21687434ee816310VgnVCM100000351f0a0a____</irsCommon-id>
<irsCommon-title>Willful agreement to taxable expenditure</irsCommon-title>
<irsCommon-altTitle>Willful agreement to taxable expenditure</irsCommon-altTitle>
<irsCommon-description>144 - Willful agreement to taxable expenditure</irsCommon-description>
<irsCommon-organization>se_t_eo_ceo</irsCommon-organization>
<irsCommon-language>en</irsCommon-language>
<irsCommon-subjectMatterExpert>irsgovadmin@irs.gov</irsCommon-subjectMatterExpert>
<irsCommon-archive>0</irsCommon-archive>
<irsCommon-archiveDate/>
<irsCommon-comments>Created On: 7/24/2006 11:00:53 AM
Created By: 8G1HB
Modified On: 5/8/2012 1:39:14 PM
Modified By: 8G1HB
Original Comments: Updated by TC, 5/1/12; reviewed & approved for launch (ah-050812)
Approved for launch sdr 7192011
Recertify for 1 year (ah-051111);
Recertify for 1 year, per EOT (MW) (ah-042810)
Recertify for 1 year (ah-060909); OK per EOT (RM) (081109)
Created by A. Henchey, 7/24/06
Add navigational links (8/8/06)
Update final link (AH-3/20/07)
Recertify (ah-4/14/08)
Delete date (sdr-01-05-09) 

</irsCommon-comments>
<irsCommon-uniqueID>160388</irsCommon-uniqueID>
<irsCommon-reviewer>SN5NB</irsCommon-reviewer>
<irsCommon-reviewed>1335906180000</irsCommon-reviewed>
<irsCommon-publisher>8G1HB</irsCommon-publisher>
<irsCommon-modified>1344916800000</irsCommon-modified>
<dbo-irsStandard>
<irsStandard-id>31687434ee816310VgnVCM100000351f0a0a____</irsStandard-id>
<irsStandard-commonData>21687434ee816310VgnVCM100000351f0a0a____</irsStandard-commonData>
<irsStandard-type>st_other</irsStandard-type>
<irsStandard-body><p>A foundation manager's agreement to a taxable expenditure is <em>willful</em> if it is voluntary, conscious, and intentional.  No motive to avoid the restrictions of the law or to incur any tax is necessary to make an agreement willful.  However, a foundation manager's agreement to a taxable expenditure is not willful if he or she does not know that it is a taxable expenditure.</p>

<p></p>

<p></p>

<hr />
<a href="vgn_ext_templ_rewrite?vgnextoid=c5fe5cb4c0816310VgnVCM100000351f0a0aRCRD&vgnextcurrentsitefirstchannel=1/vgn_ext_templ_rewrite">Return to Life Cycle of a Private Foundation</a> 

<p align="right"> </p>
</irsStandard-body>
<irsStandard-taxTopicCategory/>
<irsStandard-number/>
</dbo-irsStandard>
</irsStandard>