In this CPE course, get an overview of the basic tax compliance requirements that apply to private foundations, including the unique restrictions and excise taxes related to self-dealing, annual distribution of income, limits on business holdings and more.
Learning Objectives
Differentiate between private foundations and other NFPs;Identify the types of private foundations;Recognize the unique compliance requirements and restrictions related to private foundations;Identify situations in which a private foundation will be subject to excise taxes and penalties
Major Topics
Definition of private foundation;Types of private foundations;Basic tax compliance requirements and restrictions;Excise taxes;Form 4720 basics;Termination of private foundation status
