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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
Private foundations are an effective
vehicle for individuals and families to make charitable gifts, but they are
subject to a strict regulatory regime.
The IRS issued Revenue Procedure 2021-40,
2021-38 IRB 1 on Sept. 3, 2021, adding a private foundation issue to the list
of those areas on which the IRS will no longer issue private letter rulings or
determination letters.
This CPE/CE course will function as a basic
Primer for Private Foundations and the regulations applicable to them. The CPE course
provides insights and guidance on taxes and distributions affecting Private
Foundations as well as discussions on the antiquated self-dealing regulations.
The CE tax webinar for professionals will cover types of
qualifying distributions from Program Related Investments to grants requiring
expenditure responsibility.
Newly enacted proposed legislation affecting Private Foundations will be discussed by covering the following major topics in this CE/CPE webinar:
This CE Tax webinar is a great opportunity to learn about the fundamentals of private foundations, answer the common questions, and understand what makes them different from other types of charitable entities. The CPE/CE course is designed to provide you with planning opportunities to ensure the private foundation successfully operates within the regulatory boundaries.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Partner, PKF O'Connor Davies, LLP
Thomas F. Blaney is a Partner of the Firm and Director of the Private Foundation Practice. He has spent more than 25 years specializing in the accounting and tax aspects of exempt organizations.
A member of the Firm’s Executive Committee, Tom is a recognized thought leader and frequent speaker, author and contributor to events and articles related to private foundations and not-for-profit topics. His work has appeared in The Wall Street Journal, Barron’s and other leading business publications. Tom is a Certified Fraud Examiner, licensed CPA in the states of Florida, New York and Pennsylvania, and was also appointed to the Panel on the Nonprofit Sector’s “990 PF Reform Advisory Committee.”
Most recently Tom was the recipient of the 2015 “Ahead of the Curve” award presented to the CPA who stays ahead of new legislation and trends on behalf of his clients.
He maintains an active role in a number of professional and community organizations. Tom is currently Treasurer of the Breezy Point Disaster Relief Fund, Treasurer of the McCaddin-McQuirk Foundation, Treasurer of Exponent Philanthropy (formerly Association of Small Foundations), and is on the Audit and Finance Committees of the Hudson Valley Chapter of the Make-a-Wish Foundation.
PKF O’Connor Davies, LLP is a full-service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, eleven offices in New York, New Jersey, Connecticut, Maryland and Rhode Island, and more than 700 professionals, the Firm provides a complete range of accounting, auditing, tax and management advisory services. PKF O’Connor Davies is ranked 29th on Accounting Today’s 2019 “Top 100 Firms” list and is recognized as one of the “Top 10 Fastest-Growing Firms.” PKF O’Connor Davies is also recognized as a “Leader in Audit and Accounting” and is ranked among the “Top Firms in the Mid-Atlantic,” by Accounting Today. In 2019, PKF O'Connor Davies was named one of the 50 best accounting employers to work for in North America, by Vault.
PKF O’Connor Davies is the lead North American representative in PKF International, a global network of legally independent accounting and advisory firms located in over 400 locations, in 150 countries around the world.
509 Ratings
JL
Jun 29th, 2022
Great presentation
ET
Jun 3rd, 2022
n/a
DG
May 31st, 2022
presenter's were excellent; the course was interesting & informative.
IR
May 31st, 2022
N/A
KK
Jun 28th, 2022
My lack of experience in this area impacted my experience.
1 Credit
Subject Area
Jul 05, 2022 | 09:00 AM EDT
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