With continued challenges, private foundations should proactively focus on their year-end tax strategies to prepare for 2023.
Throughout 2022, the industry continued to focus on the COVID-19 pandemic and political climate, bringing challenges and opportunities for foundations and their grantees.
Learn how to focus on key tax laws and opportunities which could affect your private foundation, as the following sections illustrate:
- Electronic filing
- IRS
- Initiative to accelerate charitable giving
- COVID-19 relief initiatives
- Disaster relief assistance
- Flat tax rate
- Minimum distribution requirement
- Excess distributions
- Capital gains and losses
- Privately held stock and highly appreciated property
- Alternative investments
- Unrelated business taxable income
- Net operating losses
- International regulations
- Bipartisan budget act
- Operating status
Related sections
2023 private foundation tax planning guide
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.