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Tax professionals advising private foundations, as well as non-exempt charitable trusts treated as private foundations, must have current and comprehensive knowledge of the many tax rules unique to these types of exempt organizations. The information return Form 990-PF requires extensive disclosure of donations, receipts, and expenses, and outlines a number of potential taxable situations, including prohibitions on self-dealing, taxes on undistributed income, and excess business holdings. This webinar offers a practical examination of the latest federal tax developments, compliance issues, and planning opportunities to help private foundations navigate today's
compliance challenges. This webinar will review the Form 990-PF, discuss common transactions, pitfalls to watch for, and little understood reporting complexities.
Key Learning Objectives- Recognize transactions where excise tax rules are applicable to private foundations
- Identify differences between grant making and private operating foundations
- Clarify how organizations qualify for the one-percent rate of the Section 4940 excise tax on investment income
- Determine the average fair market value calculation for cash and securities
- Recognize additional reporting requirements for foreign grant expenses and grants to other U.S. private foundations
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 | Tracy S. Paglia
Tracy Paglia, CPA, is a tax partner with Moss Adams LLP. She has over 21 years of public accounting experience identifying and meeting the tax and consulting needs of Not-for-Profit and exempt Healthcare clients, their for-profit affiliates and donors. |
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