Private Foundations - 9781118927113

The essential guide to foundation tax law, revised and expanded

Private Foundations, 4th Edition: Tax Law and Compliance captures all new developments in the area, providing an up-to-date reference on relevant changes in IRS forms, requirements, and related tax procedures. Completely revised and expanded, this useful book provides valuable tools including checklists that highlight critical concerns such as tax exempt eligibility, reporting to the IRS, and tax compliance. Sample documents and practice aids provide easy quick reference, and the extensive analysis of the regulations and law that apply to foundations helps reader fully grasp the details of new legislation. In-depth coverage includes everything from organizing and applying for tax-exempt status and managing mandatory distribution, to annual reporting and winding up a foundation's affairs.

With more than 80,000 private foundations in the United States, and the increasing scrutiny of the IRS, this essential book provides the tax law updates that keep foundations compliant in the midst of ever evolving laws and guidelines. Written by two of the country's leading legal authorities on the law of private foundations, this new edition provides guidance toward the latest changes, with top-notch insight and interpretation.

• Understand critical guidelines regarding eligibility, reporting, and compliance
• Get up to date on the most recent changes to tax regulations and other law
• Complete applications and forms more quickly and easily
• Consult charts and examples to find information quickly

Staying up to date on the tax laws that apply to private foundations can be daunting, especially factoring in the need to understand the interpretation and application of these complex regulations.Private Foundations, 4th Edition: Tax Law and Compliance puts all the codification and guidance in one place, making it a "must-have" reference for foundation tax law.