Private Foundations - 9781118363096

The much-needed, annually updated treatice containing a summary of the federal tax rules applicable to private foundations

With more than 80,000 private foundations in the United States and the increasing scrutiny of the IRS, this essential supplement provides you with an extensive analysis of the tax regulations and other law for foundations. Written by two of the country's leading legal authorities on private foundations, this revised and expanded edition includes practical tax compliance suggestions and in-depth legal explanations.

• Covers everything from organizing and applying for tax-exempt status and managing mandatory distribution to reporting annually to the IRS and winding up a foundation's affairs
• Builds logically from fundamental concepts and explanations to more complex organizational and legal issues
• Other titles by Bruce R. Hopkins: The Law of Tax-Exempt Organizations, Tenth Edition, The Law of Fundraising, Fourth Edition, and many more
• Other titles by Jody Blazek: Tax Planning and Compliance for Tax-Exempt Organizations Fifth Edition, Revised Form 990, IRS Form 1023 Preparation Guide, and Nonprofit Financial Planning Made Easy

Capturing all-new developments in the private foundations arena, this edition and new cumulative supplement presents you with line-by-line instructions, sample-filled IRS forms, and complete citations.