- NY Credits : 4.0
- TX Credits : 4.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 4.0
Private foundations are a popular tax-saving technique among families with large estates. This course, along with the two companion Form 990-PF courses were designed to provide a basic but thorough discussion of private foundations and their federal tax compliance requirements. This course covers the advantages and disadvantages of private foundation status, types of private foundations, organizational and operational tests, IRC Sec. 509(a)(1) organizations, IRC Sec. 509(a)(2) organizations, IRC Sec. 509(a)(3) supporting organizations, and Parts I - V of the form including the balance sheets and net investment income. This intermediate level course is most appropriate for the professional with detailed knowledge of private foundations or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify private foundations and their advantages and disadvantages,
recognize basic reporting requirements of private foundations, and
identify components of a Form 990-PF.