Self-Dealing: Tales from the Trenches
Date: Wednesday, September 23, 2026
Instructor: Celia Davis, Clark Nuber, Jennifer Becker Harris
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
<b><font color="ff0000">NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card</font></b><p> Private foundations face some of the most restrictive and complex transaction rules in the tax-exempt sector. The self‑dealing regulations under IRC §4941 often catch even seasoned professionals by surprise, as seemingly harmless transactions can trigger severe excise taxes for both the foundation and its disqualified persons. This course provides a practical, case‑based exploration of the self‑dealing rules, including who qualifies as a disqualified person, what constitutes an act of self‑dealing, and how exceptions and de minimis rules apply. Participants will walk through real‑life scenarios that highlight how routine operational decisions can create high‑risk situations. </p><p> The course also covers correction requirements, Form 4720 filing considerations, and governance strategies foundations can implement to prevent violations and safeguard organizational integrity.</p>
Who Should Attend
CPAs, CFOs, auditors, bookkeepers, staff accountants and others working with not-for-profit entities
Topics Covered
- Overview and history of private foundation self‑dealing rules
- Identifying disqualified persons and understanding related‑party relationships
- Common acts of self‑dealing and permitted exceptions
- Correction requirements and Form 4720 filing obligations
- Case studies illustrating real‑world self‑dealing pitfalls
- Practical governance and planning strategies to avoid future violations
Learning Objectives
- Identify disqualified persons under IRC §4941 and assess organizational exposure to self‑dealing risks
- Evaluate whether transactions constitute acts of self‑dealing and determine appropriate corrective actions
- Apply mitigation strategies, governance practices, and internal controls that reduce the likelihood of self‑dealing violations
- Interpret the de minimis exception and other permitted exceptions available under the self‑dealing rules
- Calculate first‑tier and second‑tier excise tax penalties applicable to foundation managers and disqualified persons
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
General awareness of the self-dealing rules for private foundations
Advance Preparation
None
