Legal Question in Tax Law in New York

what should I do if I'm under a school foundation having its own TIN and all government registration and I want to put up another school under the same foundation but with a different name with its own TIN and the like? basically they can operate on their own without the consent of the main foundation


Asked on 1/12/14, 2:15 am

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

You might consider having them as an affiliate, but the IRS User Fee to allow an organization to have affiliates is $3,000. Plus, the organization cannot operate totally independent. Best is that they apply for their independent exemption authorization.

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Answered on 1/12/14, 12:54 pm


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