Common Foundation Tax Return Errors
I encourage you to click here to read a recently published white paper by Foundation Source on errors often made by foundations in preparing their 990-PF returns. These mistakes can invite unwanted IRS scrutiny or cost significant penalty charges.
Foundation Source reviews hundreds of 990-PFs each year, and sees the same mistakes over and over again. This white paper will be of special interest of those who sign a 990-PF on behalf of their foundation, taking responsibility that the return is correct.