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 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.