Form 990-PF: Meeting IRS Demands for Fiscal, Grant and Other Data From Private Foundations
Recording of a 110-minute CPE webinar with Q&A
This CPE webinar will prepare accounting and tax advisors to private foundations to handle all aspects of Form 990-PF compliance with a thorough review of the material requirements and instructions. The panel will discuss potential risk areas which tax professionals must be particularly aware of, not only in preparing the tax return, but also in advising clients on best practices for operating the foundation.
- Overview of Form 990-PF
- Key elements of Parts I through XV
- Critical compliance challenges faced with Form 990-PF
- Calculation of net investment income
- Calculation of qualifying distributions
- Calculation of minimum distribution requirement
- Disclosing program activities (direct charitable activities, program related investments, and grants)
- Tax Planning Opportunities
- 1% vs. 2% - tips to achieve
- Excess grant carryovers
- Best practices to avoid Chapter 42 penalty taxes
- Undistributed income
- Excess business holdings
- Jeopardizing investments
- Taxable expenditures
The panel will provide insights and guidance on these and other critical aspects of Form 990-PF:
- Qualifying distributions: Which distributions will the government permit as counting toward the foundation's 5% minimum distribution requirement?
- Reporting financials and investment returns: Making thorough and accurate disclosures.
- Reporting the foundation's activities: Which questions about business, lobbying and other activities have the most potential to trip you up?
Blazek & Vetterling
Ms. Adams has substantial experience serving a broad range of nonprofit clients including social service agencies,... | Read More
Ms. Adams has substantial experience serving a broad range of nonprofit clients including social service agencies, civic, business and cultural organizations, private foundations, and health-care related organizations. She has presented seminars on nonprofit tax issues for the Houston Chapter of CPAs, Rice University’s Center for Philanthropy and Nonprofit Leadership, South Texas College of Law, and many others. Ms. Adams has also written and co-authored a number of informative articles on emerging and challenging tax issues.Close
Jeffrey D. Haskell
Chief Legal Officer
Mr. Haskell works with and provides guidance to a team of attorneys, accountants and support professionals who provide... | Read More
Mr. Haskell works with and provides guidance to a team of attorneys, accountants and support professionals who provide tax reporting services to clients of the company as well as support to foundations and their advisors on a range of issues including program- and mission-related investments, expenditure responsibility grants, equivalency determinations, return preparation, and compliance with self-dealing, minimum required distributions, excess business holdings, jeopardizing investments and taxable expenditure rules.Close
Mr. Yacker has more than 20 years of tax, legal and accounting advisory work with exempt organizations. In that time,... | Read More
Mr. Yacker has more than 20 years of tax, legal and accounting advisory work with exempt organizations. In that time, he has amassed extensive experience preparing and reviewing forms 990, 990-T and 990-PF.Close