Private Foundation Handbook and Compliance Guide (2024)
Private Foundation Handbook and Compliance Guide focuses not only on a private foundation's annual, ongoing reporting requirements of the Form 990-PF, but also incorporates operational and governance concerns. With the instructions to the Form 990-PF lacking in details and the Internal Revenue Service lacking in resources to make improvements to these instructions, this Guide was written as a means to be an invaluable resource to tax preparers, consultants, and foundation managers alike. This publication draws on and cites to information from Treasury Regulations, other authoritative guidance issued by the Treasury, and decades of reporting experience to provide users with practical operational and reporting guidance.
Chapter 1: Introduction and History of Private Foundations
Chapter 2: Life Cycle of a Private Foundation
Chapter 3: Part I—Analysis of Revenue and Expenses
Chapter 4: Part II—Balance Sheets
Chapter 5: Part III—Analysis of Changes in Net Assets or Fund Balances
Chapter 6: Part IV—Capital Gains and Losses for Tax on Net Investment Income
Chapter 7: Qualification Under Section 4940(e) for the Reduced Tax on Net Investment Income
Chapter 8: Part V—Excise Tax Based on Investment Income (IRC Section 4940(a), 4940(b), 4940(e), or 4948)
Chapter 9: Part VI-A—Statements Regarding Activities
Chapter 10: Part VI-B—Statements Regarding Activities for Which Form 4720 May be Required
Chapter 11: Part VII—Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Independent Contractors
Chapter 12: Part VIII-A—Summary of Direct Charitable Activities
Chapter 13: Part VIII-B—Program-Related Investments
Chapter 14: Part IX—Minimum Investment Return
Chapter 15: Part X—Distributable Amount
Chapter 16: Part XI—Qualifying Distributions
Chapter 17: Part XII—Undistributed Income
Chapter 18: Part XIII—Private Operating Foundations
Chapter 19: Part XIV—Supplementary Information
Chapter 20: Part XV-A and B—Analysis of Income-Producing Activities
Chapter 21: Part XVI—Information Regarding Transfers to and Transactions and Relationships with Noncharitable Exempt Organizations
Chapter 22: Signature Block
Chapter 23: Donors, Disclosure and Documentation
Chapter 24: Board Review of the Form 990-PF
Index
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| Contributors | Clark Nuber |
|---|---|
| Product Type | Publications |
| ISBN | 9780808058915 |
| Format | Print Book |