This is a “must-see” presentation for any CPA or corporate officer who works with business or investment entities that are or may be partially owed, or interact with, private companies or investment entities. This presentation will enable attendees to advise businesses and active and entrepreneurial donors as to how they can benefit charity while also operating their businesses with a synergistic impact.

Tax advisors who provide advice to tax-compliance services for charitable and not-for-profit entities must be knowledgeable with respect to the self-dealing rules found under Internal Revenue Code Section 4941. This complicated labyrinth of definitions, rules, exceptions to the rules, and exceptions to the exceptions can cause even the most brilliant practitioners to become confused or to make mistakes that can result in significant penalties or even disqualification of charitable status.

Karl Mill, JD is one of the best qualified and most experienced charitable tax structuring attorneys in the United States. His easy-to-understand explanations and enthusiasm for this topic make the presentation more than worthwhile. Join Karl, along with Alan Gassman, for this informative session. 

It is not necessary to have viewed Part 1 before seeing Part 2. We will review the self-dealing rules and Part 1 basics.

Learning Objectives:

• Outline how private and public charities can interact with for-profit businesses and their owners.


• Define the self-dealing rules and how they work


• Plan ahead for situations that may be challenging


• Identify practical strategies and exceptions for related party identification


• Determine how to handle estate planning when partial ownership of a business may pass to a private foundation


• Name excess business holding rules and exceptions thereto


• Identify The Paul Newman exception to the excess business holding rules