Experience Excellence in Private Foundation Tax Services with CPA KPA
We understand the intricacies and challenges that come with preparing private foundation tax returns, specifically the complex Form 990-PF. We have extensive expertise in working with private foundations, ensuring accurate and error-free tax filings.
Trust us to streamline your tax process, safeguard your foundation's reputation, and empower you to focus on the impactful work of your foundation. Let us be your trusted tax advisor for all your private foundation needs.
Expert Tax Services for Private Foundations
We understand the intricacies and challenges that come with preparing private foundation tax returns, specifically the complex Form 990-PF. We have extensive expertise in working with private foundations, ensuring accurate and error-free tax filings.
Error-Free Tax Filings Guaranteed
We go above and beyond to review and correct any potential errors commonly found in tax returns prepared by other accountants, providing you with peace of mind and protection from unnecessary scrutiny or penalties.
Maximizing Benefits for Private Foundations
By partnering with us, you benefit from our specialized knowledge of the regulations and tax laws that govern private foundations, which allow us to navigate compliance issues and optimize the benefits available to your foundation.
Here are some of the ways we can assist you
Let us handle the complexities of tax compliance so that you can focus on your foundation's mission and drive lasting change.
Expert Preparation and Filing
We will expertly prepare and file your private foundation tax returns, taking into account the unique requirements and regulations that apply to private foundations.
State Reporting and Registration
We provide guidance and assistance to ensure your foundation complies with state reporting and registration requirements, helping you navigate the complex landscape of state regulations.
Required Minimum Distribution Calculation
Our team will accurately calculate your foundation's required minimum distribution assuring compliance with IRS guidelines.
Form 990-PF Financial Statement Preparation
We prepare the necessary balance sheet and income statements that must be disclosed on Form 990-PF, which also provides you with a clear and concise overview of your foundation's financial position.
Grantee Verification
We verify the public charity status of your grantees, ensuring that your foundation's grants align with the necessary regulations and requirements.
Quarterly Estimated Taxes
We assist in the computation of quarterly estimated taxes for your foundation's investment income excise tax and unrelated business income tax, ensuring timely and accurate payments.
Donation Acknowledgment Letters
We offer guidance and support in preparing donation acknowledgment letters, ensuring compliance with IRS guidelines and helping strengthen donor relationships.
Payroll and Contractor Compliance
Our team can help you navigate the complexities of private foundation payroll and independent contractor compliance, ensuring adherence to tax regulations and minimizing potential risks.
Substantial Contributor Tracking
We provide assistance in tracking substantial contributors to your foundation, ensuring compliance with reporting requirements and maintaining accurate records.
IRS Audit Representation
In the event of an IRS audit, we offer representation services, guiding you through the process and advocating for your foundation's best interests.
Compliance Guidance
We help you navigate complex compliance obligations such as self-dealing, excess business holdings, and jeopardizing investments, ensuring your foundation operates within the bounds of the law while maximizing its impact.
Kyle has been a wonderful partner to my organization.
His expertise, support, and communication skills have eased my stress when tax season rolls around and have helped to keep our financials on track.
We proudly serve
Private Foundations
Grant-making Foundations
Independent Foundations
Family Foundations
Operating Foundations
Corporate Foundations
Charitable Foundations
Non-Operating Foundations
Startup Foundations
Benefits of Partnering with CPA KPA for Private Foundation Tax Services
At CPA KPA, we go beyond tax compliance to provide comprehensive support and guidance for private foundations. Here are some of the key benefits of partnering with us:
Collaborative partnership
We view ourselves as more than just accountants. We aim to build a collaborative partnership with your foundation, working together to achieve your goals and maximize your impact. Our success is measured by your foundation's success in carrying out its charitable mission.
Coach in your corner
Navigating the complex rules and regulations of private foundations can be overwhelming. We provide year-round coaching and consultations, guiding you through the intricacies of compliance and sharing valuable insights to simplify the process. With our expertise, you can minimize errors, avoid regulatory pitfalls, and ensure smooth operations.
Operational development
Our services extend beyond tax preparation. We offer consultations and advice to help you efficiently run your foundation. Drawing on our deep understanding of the unique challenges faced by private foundations, we proactively monitor your operations to ensure compliance with IRS regulations. If any issues arise, we promptly alert you and provide guidance to resolve them.
Fair and simple service model
We believe in fostering open communication and eliminating barriers. Unlike strict billable hour models, we offer a flat annual investment for our private foundation tax service package. This approach encourages you to reach out to us with questions and concerns without worrying about additional charges.
Private foundations are our focus
Unlike larger firms that may treat private foundations as an afterthought, we are dedicated specialists in serving private foundations. We prioritize your needs and provide the focused attention and expertise required to address the unique aspects of private foundation tax compliance. This is not just a job for us—it is our vocation.
Emphasis on privacy
We understand the importance of safeguarding your information. We take diligent measures to maintain the privacy and security of your data. When preparing your tax returns, we limit personal information to protect your privacy, reducing the risk of sensitive details being exposed. It's essential to note that Form 990-PF, the private foundation tax return, is a public document. It is accessible online through various open and subscription sources. By reducing the disclosure of personal details such as home addresses, phone numbers, and email addresses, we add an extra layer of protection to your privacy.
Eye on tax benefits
As specialists in private foundation tax services, we stay up-to-date with the latest tax benefits available to private foundations. We provide guidance on maximizing tax benefits for you and your family, ensuring you take full advantage of eligible deductions and exemptions. Additionally, we work to minimize your foundation's tax burden by properly classifying tax deductions and expenses, reducing the impact of the private foundation investment income excise tax.
What to Expect When Partnering with CPA KPA
At CPA KPA, we go beyond tax compliance to provide comprehensive support and guidance for private foundations. Here are some of the key benefits of partnering with us:
Quality Service and Advice
Our top priority is ensuring that your private foundation's tax requirements and compliance matters are handled accurately and efficiently. Beyond this, we are committed to providing valuable guidance to help you refine your goals and strategies. We actively listen to your needs and proactively offer assistance, leveraging our deep understanding of private foundations to support your success.
Close Relationship
We aspire to be more than just your accounting and tax compliance provider. Our goal is to build a strong and genuine connection with you and your foundation. We take the time to truly understand your organization and earn your trust. Through this close relationship, we can better tailor our services to your unique needs and provide personalized support.
Regular Contact
We pride ourselves on delivering exceptional client service, which includes highly responsive communication throughout the year. You can count on us to be available and accessible, not only during tax season but at any time you need assistance. Our prompt response and open lines of communication ensure that you receive the attention and support you deserve.
Flexibility
As a small and agile CPA firm, we are committed to being flexible and adaptable to your needs. We embrace new ideas and concepts, and we are well-equipped to fulfill diverse client requests promptly. Unlike larger firms with rigid hierarchies, we can swiftly address your concerns and provide innovative solutions that meet your specific requirements.
Security
Protecting your privacy and financial information is of utmost importance to us. We employ robust security measures, utilizing the same IT infrastructure and software applications trusted by the largest accounting firms. Our firm adheres to rigorous professional standards of confidentiality and privacy, surpassing the legal requirements. You can have peace of mind knowing that your sensitive data is handled with the highest level of security and discretion.
I know I can completely trust Kyle
I am not a tax accountant and I don’t have the time or expertise to do taxes. I had no idea I could actually enjoy working with an accountant until Kyle started helping me. I know I can completely trust Kyle and having him on my side really brings peace of mind during tax season. I highly recommend using CPA KPA to those thinking of seeking professional accounting services.
Interested in our Foundation Bookkeeping or Private Client Tax Services?
Our team is dedicated to providing top-notch tax and accounting support tailored to the unique needs of private foundations and high net-worth individuals. Whether you require assistance with private foundation accounting help or personalized income tax planning, we have the expertise to ensure your financial success. Trust us to handle your tax and accounting matters with precision and efficiency, allowing you to focus on what truly matters to you.
