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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 409849
 
Credit & Course Provided by:

Preparing Philanthropic Clients for Tax Season

Live Webinar
June 1, 2022
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 40 minutes
Live Webinar$199Register Now

Gain a better understanding of each excise tax and how items related to those excise taxes are reported on a private foundation’s return.

The excise taxes applicable to private foundations are difficult and confusing, and private foundation tax returns are riddled with traps for the unwary. Mistakes on form 990-PF can cost a private foundation and the foundation’s managers dearly. This course will guide those advising private foundations and those preparing private foundation tax returns through challenging topics such as the taxes on net investment income, undistributed income, self-dealing, taxable expenditures, and more. This material will provide you with an understanding of each excise tax and how items related to those excise taxes are reported on a private foundation’s return. We will also review the most common mistakes that we have found on private foundation tax returns to ensure that you do not make those same mistakes. This information is critical for anyone preparing a private foundation tax return or anyone representing a private foundation.

Learning Objectives

• You will be able to recognize red flags that may result in private foundations and foundation managers being subject to excise taxes.

• You will be able to identify the most common mistakes and traps that private foundations make in completing their tax returns.

• You will be able to explain how much a private foundation is required to distribute each year to avoid excise taxes on undistributed income.

• You will be able to describe how private foundation tax returns report the Chapter 42 excise taxes applicable to private foundations.

Registration

Live Webinar$199Register Now