Private Foundations: Tax Law and Compliance, 2005 Cumulative Supplement

The 2005 Cumulative Supplement includes the following: Form 990-PF (2004 version), filled in to illustrate reporting issues, is included in Chapter 12 to encourage careful consideration of its preparation. Revised application for recognition of exemption (Form 1023) is included in Chapter 2 along with some details about preparation of the form and some traps inherent therein. Application of the self-dealing rules in general, the personal services exception, the exception for incidental benefits, and foundation-funded disaster relief programs are also discussed.