An essential, timesaving guide for accountants, lawyers, nonprofit
executives and directors, consultants, and volunteers
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 guide covers the many significant issues facing nonprofit
organizations, including compensation and possible private inurement,
affiliation, separations and mergers, donor disclosures, lobbying and
electioneering, and employment taxes.
- Offers a supplemental, annual update to keep subscribers current on
relevant changes in IRS forms, requirements, and related tax
procedures
- Includes easy-to-use checklists highlighting such critical concerns as
tax-exempt eligibility, reporting to the IRS, and comprehensive tax
compliance issues
- 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
Filled with practical tips and suggestions for handling such critical
situations as preparing for and surviving an IRS examination, Tax
Planning and Compliance for Tax-Exempt Organizations, Fifth Edition
provides guidance for the significant issues facing nonprofit
organizations.
