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1. Compare Private Operating Foundations and Private Nonoperating Foundations and provide the following for each Amount used for the appropriate deduction. AGI Limit for each

1. Compare Private Operating Foundations and Private Nonoperating Foundations and provide the following for each

Amount used for the appropriate deduction.

AGI Limit for each type of income and foundation.

2. You and your client have been working together on an IRS audit. It has been rather frustrating. The IRS has been really stubborn, and their final answer is they are not going to accept your offer by issuing a 90 Day Letter. You have three options for your client. What are they and what are the advantages and disadvantages of each?

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