A private foundation may be able to pay a professional-services fee to a family office while being prohibited from paying that office $1 in rent. What the…

A private foundation may be able to pay a professional-services fee to a family office while being prohibited from paying that office $1 in rent. What the payment buys matters.

Separate the services, space and financing before the foundation enters the arrangement. A fair price does not make every family transaction permissible.

Today's Daily Tax Planning Strategy examines private-foundation self-dealing.

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