Annual tax compliance continues to present new challenges. Foundation boards and management need resources to assist in proactive tax planning and awareness of issues that potentially increase tax and reputational risk. In this conversational session, we'll share insights to help foundations maintain compliance with those unique restrictions related to self-dealing, annual income distribution, and business holdings. In addition, we'll provide helpful examples and lessons from recent IRS examination activity and examine proposed reforms to the distribution requirements introduced in Congress through the ACE Act.

Join FORVIS' Director Lauren Denton and Senior Manager Bernadette Zita as they discuss the key tax compliance issues boards and foundation management should consider.

Learning Objectives:

  • Identify prohibited transactions
  • Describe IRS audit trends and how e-file data is used
  • Discuss the ACE Act and the proposed changes to expense classification

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