Welcome to EO Radio Show – Your Nonprofit Legal Resource. The IRS Form 990-PF is a complicated federal information return that the Internal Revenue Code requires every private foundation to file annually.

For this episode, I'm delighted to have as my guest Tracy Hom, a certified public accountant with the firm Realize CPA. Tracy will address frequently asked questions from private foundation directors and officers when they review their foundation's first Form 990-PF. We'll provide a brief orientation to the form and cover some of these questions.

Resources:

Tracy Hom, Managing Partner, Realize CPA: https://realize.cpa/team/

Realize CPA Publications: https://realize.cpa/news/

IRS information page on Form 990-PF: https://www.irs.gov/forms-pubs/about-form-990-pf

Form 990-PF for 2022: https://www.irs.gov/pub/irs-pdf/f990pf.pdf

Instructions for Form 990-PF for 2022: https://www.irs.gov/pub/irs-pdf/i990pf.pdf

EO Radio Show private foundation episodes:

Nonprofit Basics: Election Year Issues for Private Foundations and Public Charities Part 1: Candidate Campaign Intervention

Nonprofit Basics: Election Year Issues for Private Foundations and Public Charities Part 3: Private Foundation Approaches to Policy Advocacy Allowed by the Internal Revenue Code

Charitable Contribution Substantiation Requirements and a Conversation About Art Appraisals With Sarah Vandeweerdt From Christie’s

Nonprofit Basics: Operating Foundation Rules

Loot and Private Foundation Rules – Part 1

Loot and Private Foundation Rules - Part 2

Nonprofit Basics: What You Need To Know About Expenditure Responsibility

Nonprofit Basics: Private Foundation Minimum Distribution Requirements

Nonprofit Basics: Set-Asides As Qualifying Distributions

Nonprofit Basics: Insider Transactions and Nonprofits – What’s the Big Deal?

Nonprofit Basics: Federal Tax Filing Deadlines and Penalties

EO Radio Show YouTube private foundation episode playlist

If you have suggestions for topics you would like us to discuss, please email us at [email protected]. 

Additional episodes can be found at EORadioShowByFarella.com. 

DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.