Private Foundations provides an authoritative reference and extensive analysis of tax law and compliance in the private foundations arena, with a wealth of practical tools to streamline applications, filing, and reporting. This 2017 Cumulative Supplement captures the latest regulatory developments for easy reference, with coverage of tax-exempt status, the self-dealing rules, mandatory distribution, jeaopardizing investments, taxable expnditures, annual reporting to the IRS, winding up a foundation's affairs, and much more. Comprehensive line-by-line instructions are included for a variety of exemption applications and tax forms, and easy-to-use checklists highlight areas of critical concern to help you avoid oversights. Sample documents are provided to guide the composition of organizational bylaws and various letters, and completed IRS forms provide practical reference for side-by-side comparison. With comprehensive, up-to-date coverage of the private foundations space alongside helpful tools and visual reference, this book is a resource every foundation's needs.
Written by two of the nation's leading authorities on private foundations, this supplement provides essential guidance you can trust. Clear, concise instructions focused on real-world use makes this reference a critical companion for those tasked with the responsibility of maintaining a foundation's tax-exempt status and staying out of regulatory difficulties.
- Learn the latest guidelines for compliance, reporting, and eligibility
- Access the latest regulatory changes quickly and easily
- Organize reporting and applications with checklists and sample forms
- Find valuable tools and reference for all aspects of private foundation compliance
Increasing IRS scrutiny makes compliance a more critical issue than ever before. An organization's tax-exempt status is generally vital to its continued operation, and a single oversight can put the future in jeopardy and staying out of regulatory difficulties. Private Foundations provides detailed instructions, examples, and much-needed answers on all aspects of private foundation tax law and compliance.
Keywords: tax law; foundation tax law; private foundation compliance; private foundation exemption; private foundation status; maintaining exempt status; exemption eligibility; IRS compliance; tax-exempt eligibility; filing for exemption; tax-exempt forms; tax-exemption sample documents; managing mandatory distribution; tax-exempt reporting; exemption checklists; private foundation taxes; private foundation tax tools; private foundation IRS guidelines; tax-exempt quick reference; tax law reference; foundation compliance reference; Private Foundations: Tax Law and Compliance, Fourth Edition 2017 Cumulative Supplement; Bruce R. Hopkins; Jody Blazek