PFS2309. Morning Announcements and Update on Form 990-PF Reporting

Form 990-PF contains many details to test the foundation’s ongoing qualification for exemption on its 13 pages. While the form has remained primarily unchanged for years, there have been changes to the instructions or for new tax law. In addition, the final regulations for the excise tax on excess tax-exempt organization compensation are effective starting in 2022. This session will be a refresher on the reporting obligations for private foundations, including state and international filing considerations.

Learning Objectives:

• Determine updates on Form 990-PF reporting, including state and foreign reporting requirements
• Identify common errors and challenges in preparing the Form 990-PF