The IRS has released Publication 4221-PF (rev. Aug. 2014), “Compliance Guide for 501(c)(3) Private Foundations,” which explains the different types of private foundations, activities that could jeopardize a tax-exempt status, what federal information and tax returns private foundations must file, and required public disclosures, among other things.

Download Publication 4221-PF by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.