045: Understanding the Form 990-PF With Guest Tracy Hom

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 each year.

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 some 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 we'll 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

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