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 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 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.