Troublesome Taxable Expenditure (Section 4945) Issues - American Institute of CPAs
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Establish focused objectives to meet the challenges of grants to relieve pandemic, disaster, hunger, or other social needs include. Institute best practices that create a framework for improved decision-making. Understand different and complex rules that govern how private foundations, including corporation foundations, can make a grant to an individual, a charity, a non-exempt community group or a business to accomplish the charitable purpose. Design the grant application or proposal and review reports that contain data and information to document chosen grantee(s) comply with tax code and record-keeping requirements.
Learning Objectives:
Consider examples of activities a Private Foundation can conduct not necessarily implied by the tax code.
Understand broad scope of permissible expenditures not necessarily implied by strict reading of the tax code.
Learn the permissible breadth of the terms "Travel, Study, or Similar Purposes."