Regulators estimate that at least 25% of all IRS Form 990-PFs have errors. Fortunately, private foundations managers and their accountants can easily avoid a number of common errors if they know what to look for. This primer highlights problem areas, offers tips for correct filing, and summarizes laws associated with the form. This primer is for you if you are:

• A CPA preparing the Form 990-PF
• The foundation officer signing it
• The professional responsible for bookkeeping
• A trustee simply wanting to better understand your foundation’s Form 990-PF