[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6501(n)-3]

[Page 370]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Limitations
 
Sec. 301.6501(n)-3  Certain set-asides described in section 4942(g)(2).

    Where a deficiency of tax of a private foundation results from the 
failure of an amount set aside by such foundation for a specific project 
to be treated as a qualifying distribution under section 
4942(g)(2)(B)(ii)(II), such deficiency may be assessed within two years 
after the expiration of the period within which a deficiency may be 
assessed for the taxable year to which the amount set aside relates.

[T.D. 7838, 47 FR 44251, Oct. 7, 1982]