A California nonprofit corporation whose corporate powers and privileges have been suspended lacks standing to contest an Internal Revenue Service determination to revoke its 501(c)(3) charitable tax-exemption. The U.S. Tax Court has dismissed a declaratory judgment action by a private foundation seeking to overturn the retroactive loss of exempt status. The XC Foundation was incorporated in California in 2007 and was granted tax-exemption as a private foundation by the IRS in 2008. On December 1, 2020, the California Franchise Tax Board suspended its corporate powers, rights and privileges pursuant to the state Revenue and Taxation Code. On March 2, 2021, the IRS issued a final adverse...