On Demand Webinar

Preparing the Form 990-PF

Webinar Details $219

  • Rated:
  • Webinar Length: 60 Minutes
  • Guest Speaker:   Tracy Paglia
  • Topic:   Taxation and Accounting
  • Credit:   ATATX 1.5
All Access Membership
Private foundations have many complex rules and potential traps for those managers and preparers unaware of the rules.  This session provides an overview of the Form 990-PF and basic information regarding excise taxes, potential penalties and their implications for the completion of Form 990-PF. Learn the differences between non-operating (grant making foundations) and operating foundations and planning suggestions for maximizing donor deductions.  Receive an overview of the expenditure responsibility requirements for foreign grants and grants to domestic private foundations and the income distribution calculation.

Learning Objectives :

  • How to recognize transactions where excise tax rules are applicable to private foundations.
  • Identify differences between grant making and private operating foundations.
  • How to calculate net investment income for the Section 4940 excise tax.
  • Determine the average fair market value calculation for cash and securities.
  • Recognize additional reporting requirements for foreign grant expenses and grants to other U.S. private foundations.
Who should Attend :

  • Staff or seniors in public practice who are new to nonprofit issues and will be involved with nonprofit clients and preparing returns.
  • Managers, senior managers, directors or partners in public practice who are exposed to private foundation planning as part of their individual or business practice.
  • Controllers, Accounting or Finance Managers working in foundations who are responsible for completion of the annual filings or answering questions raised about the filings.

Guest Speaker

  • Tracy Paglia

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.