Private Foundations and Self-Dealing

Authored by Jane Searing
About this Course
Topics covered include: Impact transactions between private foundations and their disqualified persons; Status of current IRS rulings and the Priority Guidance Plan regarding self-dealing; How to correct and report acts of self-dealing when the occur. Upon completing this course, you should be able to: Identify the basics of what constitutes direct and indirect self-dealing transactions; Recognize and gain practical knowledge of preventative controls for avoiding self-dealing; Differentiate tax tiers for acts of self-dealing; Identify transactions considered an exception to self-dealing; Differentiate between a private foundation and disqualified person regarding the amount required to correct an act; Recognize how a foundation should update a list of disqualified persons; Differentiate acts of self-dealing commonly marked 'yes' on Form 990-PF; Describe when a substantial contributor remains a substantial contributor.
$ 51.00
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NASBA Field of Study
Taxes
Level
Overview
CPE Credits
2.0
Prerequisites
None
Last Updated
06/01/2018
13863