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Excise taxes, Minimum Distributions and Self-Dealing Issues at a Private Foundation

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

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:

  • Excise Tax on Net Investment Income & Tax on Unrelated
  • Business Income
  • Qualifying Distributions and Redistribution Rules
  • Penalty Situations
  • Reading & Understanding the Form 990-PF
  • Other Tax Forms
  • Self-Dealing issues 

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.

Learning Objectives

  • To describe how to calculate the net investment income tax and learn certain tax savings strategies.
  • To describe how to calculate the minimum distribution requirements and to keep Private Foundations from violating the self-dealing regulations. 
  • To analyze the common mistakes in preparing a 990PF will be covered.

Recommended For

  • This IRS Approved CE course is recommended for CPAs, EAs, AFSPs, Tax Practitioners, Tax Attorneys, and Other Tax Professionals interested in having a basic knowledge of Private Foundations and the regulations applicable to them.

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification