- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
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 Parts IX - XIV of the form including minimum investment return, analysis of income-producing activities, and schedule of contributors. 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 minimum investment return, unrelated business income, related or exempt function income, and other amounts;
recognize various tests applicable to set-asides and private operating foundations; and
identify the reporting requirements related to Parts IX-XIV.