Private Foundations: Not-for-Profit Tax Compliance

Online Course Available 24/7 CPE: 1.0 Format: On-Demand
COURSE 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
When you complete this course, you will be able to:
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
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Tax
CPE FIELD OF STUDY
Taxes (1.0 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP board members who need an overview of private foundation tax compliance requirements.
PREREQUISITES
None
COURSE LEVEL
Basic

MACPA MEMBER


$ (% off)
$29.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$39.00
Price includes $xx early registration discount(s) - expires xx/xx
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