INSIGHT: ‘Newman's Own’ Exception to Excess Business Holdings Rule Allows Private Foundations to Own 100% of a Business Enterprise - Bloomberg Tax, Daily Tax Report

Richard Fox, Shareholder in the firm's Tax section, and Joshua Headley, Associate, authored "‘Newman's Own’ Exception to Excess Business Holdings Rule Allows Private Foundations to Own 100% of a Business Enterprise," published in Bloomberg Law's Daily Tax Report. Richard and Joshua discuss the "Newman's Own" exception and suggest that the stringent requirements might be insurmountable for private foundations.