It imposes an excise tax on foundations that fail to distribute a minimum amount of income for charitable purposes.
This is defined as the foundation's "minimum investment return" minus certain taxes. 3. Commercial and Technical Uses FEBRUARY 94 MAY94 RUC RECOMMENDATIONS It imposes an excise tax on foundations that
It specifically describes the removal of a permanent intraperitoneal catheter . Commercial and Technical Uses FEBRUARY 94 MAY94 RUC
Removal is typically indicated due to an intractable infection at the vascular access site. Foundations are subject to a 30 percent excise
In tax law, (frequently referred to as 4942x in summary lists) relates to private foundations .
Foundations are subject to a 30 percent excise tax on "undistributed income" that isn't paid out by the first day of the second year following the taxable year.
The medical community (RUC) recommends a value of 5.92 RVW for this procedure, placing it as more complex than a standard insertion (4.94 RVW) and nearly equal to a full shunt system removal. 2. US Tax Code (IRC Section 4942)