Family Foundations Can Avoid IRS Scrutiny

As tax season approaches for private foundations, input from Foundation Source can help avoid unwarranted IRS scrutiny and costly penalties.They review hundreds of 990-PFs each year and see the same mistakes repeatedly.

Their latest white paper, Common Tax Reporting Errors Made By Private Foundations on Their 990-PFs, shares some of the most common pitfalls as well as tips for reducing the excise tax rate and “banking” grants made in excess of the minimum distribution requirement. 

Click here for the white paper.