The IRS has determined that the J Epstein Virgin Islands Foundation is exempt from Federal income tax under section 501(a) as an organization described in section 501(c)(3). It is classified as a private foundation under section 509(a). The letter outlines the foundation's tax obligations, including filing requirements for Form 990-PF and potential excise taxes under chapter 42. It also details the conditions under which contributions to the foundation are deductible and the requirement to maintain records of fund distribution.
documents/vol00010-efta01298340-pdf.pdf
{"title":"IRS Exemption Letter for J Epstein Virgin Islands Foundation","key_people":["J Epstein"],"document_date":"NOV 01 201","document_type":"correspondence","key_locations":["St Thomas, VI","Cincinnati, OH"],"document_subtype":"IRS Exemption Letter","key_organizations":["J Epstein Virgin Islands Foundation","Internal Revenue Service"],"reference_numbers":["Letter 1076 (DO/CG)"]}