Private Foundations: Not-for-Profit Tax Compliance

Description

Private foundations are charitable organizations that are tax-exempt under 501(c)(3). However, because they are not publicly supported, they are subject to different filing requirements and restrictions that do not apply to any other type of NFP.

In this CPE course, you will learn the basic tax compliance requirements that apply to private foundations, as well as the unique restrictions and excise taxes related to self-dealing, annual distribution of income, limits on business holdings and provisions related to investments and expenditures.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Differentiate between private foundations and other NFPs
  3. Identify the types of private foundations
  4. Recognize the unique compliance requirements and restrictions related to private foundations
  5. Identify situations in which a private foundation will be subject to excise taxes and penalties
Major Topics
  1. Definition of private foundation
  2. Types of private foundations
  3. Basic tax compliance requirements and restrictions
  4. Excise taxes
  5. Form 4720 basics
  6. Termination of private foundation status
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
1.0
Who Should Attend
CPAs, financial professionals and NFP board members who need an overview of private foundation tax compliance requirements.
Prerequisites
None
Register Now
When
Available 24/7
Location
Online
Total CPE Credits
1.0
Format
On-Demand

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Private Foundations: Not-for-Profit Tax Compliance


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