Webcast: Private Foundations and Form 990-PF Basics Webcast

When:  Jun 18, 2019 from 08:30 AM to 12:00 PM (MT)

Review private foundation excise tax rules and their implications for the completion of Form 990-PF. Discuss the excise taxes in conjunction with applicable parts of Form 990-PF and applicable questions.

Learn the differences between non-operating (grant making foundations) and operating foundations; different private foundation excise taxes; and the significance of columns (a)-(d) in Part I of the form as well as expense allocation in Part I which includes allocation of indirect costs between net investment income and charitable expenses.

Receive an overview of the expenditure responsibility requirements or equivalency determination requirements, where applicable, for foreign grants and grants to domestic private foundations, the income distribution calculation and the unrelated business income tax (UBIT), including a discussion of state filings. Review issues related to alternative investments and UBIT, including reporting for foreign investments. Also, learn about the implications of The Tax Cuts and Jobs Act (TCJA), as well as, guidance issued to date, on private foundations.

Formerly titled: Form 990-PF: Private Foundation Basics

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617