- NY Credits : 5.0
- TX Credits : 5.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 5.0
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 VI - VIII of the form including the statements regarding activities; information about officers, directors, trustees, and foundation managers; and the summary of direct charitable activities and program-related investments. The discussion regarding activities includes self-dealing, failure to distribute income, excess business holdings, investments that jeopardize the charitable purpose, taxable expenditures, and political expenditures. 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.
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