Book description
An essential, timesaving guide for accountants, lawyers, nonprofit executives and directors, consultants, and volunteers – Completely updated for 2022
This book is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations. A clear and fully cited description of the requirements for the various categories of tax-exempt entities from public charities, private foundations, civic associations, business leagues, and social clubs to title-holding companies and governmental entities can be found. Practical guidance on potential for income tax on revenue-producing enterprises along with explanations of many exceptions to taxability is provided. Issues raised by Internet activity, advertising, publishing, providing services, and much more are explained.
This useful annual supplement for 2022 will cover any and all changes and updates to the law within the previous 12 month period and will keep accountants, attorneys, and others up-to-date for the year ahead.
- Features a variety of sample documents for private foundations, including penalty abatement requests and sharing space agreements
- Provides helpful practice aids, such as a comparison of the differences between public and private charities, charts reflecting lobbying limits for different types of entities, and listings of rulings and cases that illustrate permissible activity for each type of organizations compared to impermissible activity
Table of contents
- Cover
- Title Page
- Copyright
- Preface
-
PART I: Qualifications of Tax-Exempt Organizations
- CHAPTER 1: Distinguishing Characteristics of Tax-Exempt Organizations
- CHAPTER 2: Qualifying Under IRC § 501(c)(3)
- CHAPTER 3: Religious Organizations
- CHAPTER 4: Charitable Organizations
- CHAPTER 5: Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals
- CHAPTER 6: Civic Leagues and Local Associations of Employees: § 501(c)(4)
- CHAPTER 9: Social Clubs: § 501(c)(7)
- CHAPTER 10: Instrumentalities of Government and Title-Holding Corporations
- CHAPTER 11: Public Charities
-
PART II: Standards for Private Foundations
- CHAPTER 12: Private Foundations—General Concepts
- CHAPTER 13: Excise Tax Based on Investment Income: IRC §4940
- CHAPTER 14: Self-Dealing: IRC § 4941
- CHAPTER 15: Minimum Distribution Requirements: IRC § 4942
- CHAPTER 16: Excess Business Holdings and Jeopardizing Investments: IRC §§ 4943 and 4944
- CHAPTER 17: Taxable Expenditures: IRC § 4945
-
PART III: Obtaining and Maintaining Tax-Exempt Status
- CHAPTER 18: IRS Filings, Procedures, and Policies
- CHAPTER 19: Maintaining Exempt Status
- CHAPTER 20: Private Inurement and Intermediate Sanctions
- CHAPTER 21: Unrelated Business Income
- CHAPTER 23: Electioneering and Lobbying
- CHAPTER 24: Deductibility and Disclosures
- CHAPTER 25: Employment Taxes
- CHAPTER 27: Cryptocurrency
- Index
- End User License Agreement
Product information
- Title: Tax Planning and Compliance for Tax-Exempt Organizations, 6th Edition
- Author(s):
- Release date: April 2022
- Publisher(s): Wiley
- ISBN: 9781119873631
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