Insights

As we begin a new year, the focus of many private foundation managers will now shift from day-to-day operations and bookkeeping to the preparation of the foundation’s publicly disclosed Form 990-PF, Return of Private Foundation.

Concerning this month’s Cyber Roundup, a Millennial might text SSDD [the “polite” translation being: same stuff, different day]. Just another typical month in the annals of cyber security.

The IRS recently issued Proposed Regulation §20.2010-1 which addresses previously raised questions regarding taxpayers who may be interested in taking advantage of the increased lifetime basic exclusion amount (BEA).