Whitman-Walker at 1201 Inc

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The organization is included in whitman walker health system, inc.'s consolidated audit report for the year ended december 31, 2024. The following footnote regarding liability for uncertian tax positions (fin 48) is found in this consolidated report. Whitman walker health system, inc., whitman-walker foundation, whitman-walker institute, and the qalicb are nonprofit corporations as described in section 501 (c)(3) and whitman-walker real property holdings co. Is a nonprofit corporation as described in section 501(c)(2) of the internal revenue code and are generally exempt from district of columbia franchise, sales and use, and property taxes. Wwhs is subject to federal or state income taxes on its unrelated business income, if any. Wwhs determines whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses derecognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated wwhs' tax positions and concluded that wwhs has taken no uncertain tax positions nor are there any related penalties and interest that require adjustment to the accompanying financial statements to comply with the provisions of this guidance. Wwhs is subject to income tax examinations by u.s. Federal, state, or local tax authorities for years since inception.”