(b) Relationship between disqualified person and 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. In section (b), enter the relationship between the disqualified person and the organization. This is crucial for transparency and compliance.
  3. For each disqualified person listed, provide their name in section (a) and ensure that you accurately describe their relationship in section (b).
  4. If applicable, detail any transactions involving these individuals in subsequent sections, ensuring all amounts and descriptions are clear.
  5. Review your entries for accuracy before saving or submitting the form. Utilize our platform's features to easily edit or adjust any information as needed.

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Disqualified persons include the IRA owners fiduciary and members of his or her family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant). The following are examples of possible prohibited transactions with an IRA. Borrowing money from it. Selling property to it. Using it as security for a
A disqualified person is any person who was in a position to exercise substantial influence over the affairs of the applicable tax-exempt organization at any time during the lookback period. It is not necessary that the person actually exercise substantial influence, only that the person be in a position to do so.
A Corporation is a disqualified person if a substantial contributor, foundation manager, 20 percent owner, or the family members of any such individuals, own more than 35 percent of the total combined voting power in the corporation. This includes constructive holdings.
A disqualified person is a Responsible Person, such as a board or committee member, that may not be eligible to serve on the board of a charity. Reasons for disqualification include being convicted of certain offences, bankruptcy or personal insolvency agreements, or disqualification by a court or regulator.