{"product_id":"the-legal-answer-book-for-private-foundations","title":"The Legal Answer Book for Private Foundations","description":"A must-have guide that enables managers and trustees of private foundations, as well as their lawyers and accountants, to successfully navigate today’s increasingly complex tax laws and reporting requirements  \u003cp\u003ePrivate foundations are the most regulated of nonprofit organizations. Burdened with laws written over thirty years ago, which have become more complex and intricate, private foundations are forced to operate in a harsh legal environment. An operational or reporting mistake, no matter how innocent or inadvertent, can lead to immense tax and other penalties.\u003c\/p\u003e \u003cp\u003eTo reap the charitable, tax, and other economic advantages of private foundations while avoiding the perils lurking in the myriad of tax-law traps, you must be fully informed about the basic legal requirements and the many subtleties and current developments affecting private foundations.\u003c\/p\u003e \u003cp\u003eWritten by two of today’s leading authorities on the laws regulating private foundations, The Legal Answer Book for Private Foundations provides this critical information in an efficient and comprehensible fashion. In clear, easy-to-understand language, the authors provide expert guidance on everything from how to set up a private foundation to how assets are invested, how funds are distributed to grantees, and how to avoid self-dealing.\u003c\/p\u003e \u003cp\u003eYou’ll find answers to such critical questions as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWhat are the legal definitions of private foundation and public charity, and what constitutes a disqualified person?\u003c\/li\u003e \u003cli\u003eJust what are the private foundation rules and what are the penalties for violating them?\u003c\/li\u003e \u003cli\u003eWhat assets are involved in the calculations of the mandatory payout requirement?\u003c\/li\u003e \u003cli\u003eHow are self-dealing rules avoided?\u003c\/li\u003e \u003cli\u003eWhat is an excess business holding?\u003c\/li\u003e \u003cli\u003eDo foundations have to file annual returns with the IRS?\u003c\/li\u003e \u003cli\u003eWhat are the alternatives to private foundations?\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith the increasing opportunities for the establishment of private foundations, The Legal Answer Book for Private Foundations is an invaluable resource that is mandatory reading for anyone contemplating creation of a foundation or managing or advising an existing foundation.\u003c\/p\u003e","brand":"Jody Blazek","offers":[{"title":"Default Title","offer_id":42850248458301,"sku":"9780471405795","price":156.56,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9780471405795_f326038b-8076-4536-8f48-7c9837b78249.jpg?v=1767071231","url":"https:\/\/www.palmleaf.com.au\/products\/the-legal-answer-book-for-private-foundations","provider":"Palmleaf","version":"1.0","type":"link"}