{"product_id":"tax-planning-and-compliance-for-taxexempt-organizations-9781119540953","title":"Tax Planning and Compliance for TaxExempt","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eA practical guide to handling the challenges facing tax-exempt organizations, written by a leading authority\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eTax Planning and Compliance for Tax-Exempt Organizations, Sixth Edition\u003c\/i\u003e ensures that you have the practical knowledge to handle critical tax situations. This book provides guidance for the significant issues facing nonprofit organizations. It's an essential guide to navigating the complexities of nonprofit tax rules and regulations. Packed with checklists and suggestions starting with Exhibit 1.1, \u003ci\u003eOrganizations Reference Chart\u003c\/i\u003e and Exhibit 1.2, \u003ci\u003eSuitability for Tax-Exempt Status\u003c\/i\u003e, this guide helps anyone that creates, advises, or manages a nonprofit organization.\u003c\/p\u003e \u003cp\u003eNow, you can better understand the requirements for various categories of tax-exempt organizations: public charities, private foundations, civic associations, business leagues, and social clubs, as well as title-holding companies and governmental entities. You'll discover practi\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eList of Exhibits xiii\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003eAbout the Author xxiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Qualifications of Tax-Exempt Organizations 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Distinguishing Characteristics of Tax-Exempt Organizations 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Differences between Exempt and Nonexempt Organizations 10\u003c\/p\u003e \u003cp\u003e1.2 Nomenclature 13\u003c\/p\u003e \u003cp\u003e1.3 Ownership and Control 13\u003c\/p\u003e \u003cp\u003e1.4 Role of the Internal Revenue Service 14\u003c\/p\u003e \u003cp\u003e1.5 Suitability as an Exempt Organization 15\u003c\/p\u003e \u003cp\u003e1.6 Start-Up Tax and Financial Considerations 18\u003c\/p\u003e \u003cp\u003e1.7 Choosing the Best Form of Organization 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Qualifying Under IRC §501(c)(3) 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Organizational Test 29\u003c\/p\u003e \u003cp\u003e2.2 Operational Test 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Religious Organizations 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Types of Religious Organizations 60\u003c\/p\u003e \u003cp\u003e3.2 Churches 65\u003c\/p\u003e \u003cp\u003e3.3 Religious Orders 72\u003c\/p\u003e \u003cp\u003e3.4 Religious and Apostolic Associations 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Charitable Organizations 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Relief of the Poor 77\u003c\/p\u003e \u003cp\u003e4.2 Promotion of Social Welfare 79\u003c\/p\u003e \u003cp\u003e4.3 Lessening the Burdens of Government 88\u003c\/p\u003e \u003cp\u003e4.4 Advancement of Religion 91\u003c\/p\u003e \u003cp\u003e4.5 Advancement of Education and Science 91\u003c\/p\u003e \u003cp\u003e4.6 Promotion of Health 92\u003c\/p\u003e \u003cp\u003e4.7 Cooperative Hospital Service Organizations 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals 118\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Educational Purposes 119\u003c\/p\u003e \u003cp\u003e5.2 Literary Purposes 134\u003c\/p\u003e \u003cp\u003e5.3 Scientific Purposes 134\u003c\/p\u003e \u003cp\u003e5.4 Testing for Public Safety 139\u003c\/p\u003e \u003cp\u003e5.5 Fostering National or International Amateur Sports Competition (But Only If No Part of Its Activities Involves the Provision of Athletic Facilities or Equipment) 140\u003c\/p\u003e \u003cp\u003e5.6 Prevention of Cruelty to Children or Animals 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Civic Leagues and Local Associations of Employees: §501(c)(4) 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Comparison of (c)(3) and (c)(4) Organizations 145\u003c\/p\u003e \u003cp\u003e6.2 Qualifying and Nonqualifying Civic Organizations 151\u003c\/p\u003e \u003cp\u003e6.3 Local Associations of Employees 155\u003c\/p\u003e \u003cp\u003e6.4 Neighborhood and Homeowner’s Associations 157\u003c\/p\u003e \u003cp\u003e6.5 Disclosures of Nondeductibility 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Labor, Agricultural, and Horticultural Organizations: §501(c)(5) 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Labor Unions 170\u003c\/p\u003e \u003cp\u003e7.2 Agricultural Groups 175\u003c\/p\u003e \u003cp\u003e7.3 Horticultural Groups 178\u003c\/p\u003e \u003cp\u003e7.4 Disclosures of Nondeductibility 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Business Leagues: §501(c)(6) 180\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Basic Characteristics 181\u003c\/p\u003e \u003cp\u003e8.2 Meaning of “Common Business Interest” 181\u003c\/p\u003e \u003cp\u003e8.3 Line of Business 183\u003c\/p\u003e \u003cp\u003e8.4 Rendering Services for Members 186\u003c\/p\u003e \u003cp\u003e8.5 Sources of Revenue 192\u003c\/p\u003e \u003cp\u003e8.6 Membership Categories 193\u003c\/p\u003e \u003cp\u003e8.7 Member Inurement 194\u003c\/p\u003e \u003cp\u003e8.8 Chambers of Commerce and Boards of Trade 195\u003c\/p\u003e \u003cp\u003e8.9 Comparison to §501(c)(5) 195\u003c\/p\u003e \u003cp\u003e8.10 Recognition of Exempt Status 196\u003c\/p\u003e \u003cp\u003e8.11 Formation of a Related Charitable Organization 197\u003c\/p\u003e \u003cp\u003e8.12 Disclosures for Lobbying and Nondeductibility 199\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Social Clubs: §501(c)(7) 200\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Organizational Requirements and Characteristics 202\u003c\/p\u003e \u003cp\u003e9.2 Member Inurement Prohibited 205\u003c\/p\u003e \u003cp\u003e9.3 Membership Requirements 207\u003c\/p\u003e \u003cp\u003e9.4 Revenue Tests 208\u003c\/p\u003e \u003cp\u003e9.5 Unrelated Business Income Tax 211\u003c\/p\u003e \u003cp\u003e9.6 Filing and Disclosure Requirements 217\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Instrumentalities of Government and Title-Holding Corporations 218\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 §501(c)(1) Instrumentalities of the United States 218\u003c\/p\u003e \u003cp\u003e10.2 Governmental Units 219\u003c\/p\u003e \u003cp\u003e10.3 Qualifying for §501(c)(3) Status 223\u003c\/p\u003e \u003cp\u003e10.4 §501(c)(2) Title-Holding Corporations 235\u003c\/p\u003e \u003cp\u003e10.5 §501(c)(25) Title-Holding Corporations 239\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Public Charities 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Distinctions between Public and Private Charities 242\u003c\/p\u003e \u003cp\u003e11.2 “Inherently Public Activity” and Broad Public Support: §509(a)(1) 245\u003c\/p\u003e \u003cp\u003e11.3 Community Foundations 259\u003c\/p\u003e \u003cp\u003e11.4 Service-Providing Organizations: §509(a)(2) 268\u003c\/p\u003e \u003cp\u003e11.5 Difference Between §509(a)(1) and §509(a)(2) 270\u003c\/p\u003e \u003cp\u003e11.6 Supporting Organizations: §509(a)(3) 282\u003c\/p\u003e \u003cp\u003e11.7 Testing for Public Safety: §509(a)(4) 296\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Standards For Private Foundations 297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Private Foundations—General Concepts 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Why Private Foundations Are Special 299\u003c\/p\u003e \u003cp\u003e12.2 Special Rules Pertaining to Private Foundations 302\u003c\/p\u003e \u003cp\u003e12.3 Application of Taxes to Certain Nonexempt Trusts 310\u003c\/p\u003e \u003cp\u003e12.4 Termination of Private Foundation Status 311\u003c\/p\u003e \u003cp\u003eAppendix 12-1: Brief Description of Tax Sanctions Applicable to Private Foundations 335\u003c\/p\u003e \u003cp\u003eExcise Tax on Investment Income—§4940 Tax 335\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Excise Tax Based on Investment Income: IRC §4940 339\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Formula for Taxable Income 341\u003c\/p\u003e \u003cp\u003e13.2 Capital Gains 348\u003c\/p\u003e \u003cp\u003e13.3 Ponzi Scheme Losses 354\u003c\/p\u003e \u003cp\u003e13.4 Deductions from Gross Investment Income 356\u003c\/p\u003e \u003cp\u003e13.5 Tax-Planning Ideas 361\u003c\/p\u003e \u003cp\u003e13.6 Foreign Foundations 365\u003c\/p\u003e \u003cp\u003e13.7 Timely Payment of Excise Tax 367\u003c\/p\u003e \u003cp\u003e13.8 Tax on Private Colleges and Universities 368\u003c\/p\u003e \u003cp\u003e13.9 Exempt Operating Foundations 369\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Self-Dealing: IRC §4941 370\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Definition of \u003ci\u003eSelf-Dealing \u003c\/i\u003e371\u003c\/p\u003e \u003cp\u003e14.2 Sale, Exchange, or Lease of Property 374\u003c\/p\u003e \u003cp\u003e14.3 Loans 384\u003c\/p\u003e \u003cp\u003e14.4 Compensation 387\u003c\/p\u003e \u003cp\u003e14.5 Transactions that Benefit Disqualified Persons 399\u003c\/p\u003e \u003cp\u003e14.6 Payments to Government Officials 406\u003c\/p\u003e \u003cp\u003e14.7 Sharing Space, People, and Expenses 407\u003c\/p\u003e \u003cp\u003e14.8 Indirect Deals 410\u003c\/p\u003e \u003cp\u003e14.9 Property Held by Fiduciaries 412\u003c\/p\u003e \u003cp\u003e14.10 Issues Once Self-Dealing Occurs 415\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Minimum Distribution Requirements: IRC §4942 420\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Assets Used to Calculate Minimum Investment Return 422\u003c\/p\u003e \u003cp\u003e15.2 Measuring Fair Market Value 428\u003c\/p\u003e \u003cp\u003e15.3 Distributable Amount 435\u003c\/p\u003e \u003cp\u003e15.4 Qualifying Distributions 438\u003c\/p\u003e \u003cp\u003e15.5 Private Operating Foundations 455\u003c\/p\u003e \u003cp\u003e15.6 Satisfying the Distribution Test 464\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Excess Business Holdings and Jeopardizing Investments: IRC §§4943 and 4944 471\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Excess Business Holdings 471\u003c\/p\u003e \u003cp\u003e16.2 Jeopardizing Investments 480\u003c\/p\u003e \u003cp\u003e16.3 Program-Related Investments 487\u003c\/p\u003e \u003cp\u003e16.4 Penalty Taxes 492\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Taxable Expenditures: IRC §4945 498\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Lobbying 500\u003c\/p\u003e \u003cp\u003e17.2 Voter Registration Drives 506\u003c\/p\u003e \u003cp\u003e17.3 Grants to Individuals 506\u003c\/p\u003e \u003cp\u003e17.4 Grants to Public Charities 519\u003c\/p\u003e \u003cp\u003e17.5 Grants to Foreign Organizations 530\u003c\/p\u003e \u003cp\u003e17.6 Expenditure Responsibility Grants 532\u003c\/p\u003e \u003cp\u003e17.7 Noncharitable Expenditures 546\u003c\/p\u003e \u003cp\u003e17.8 Excise Taxes Payable 547\u003c\/p\u003e \u003cp\u003eAppendix 17–1: Examples of Emergency, Hardship Grant Application, Church and Foreign Equivalency Grants 549\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Obtaining and Maintaining Tax-Exempt Status 583\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 IRS Filings, Procedures, and Policies 585\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 IRS Determination Process 586\u003c\/p\u003e \u003cp\u003e18.2 Annual Filing of Forms 990 595\u003c\/p\u003e \u003cp\u003e18.3 Reporting Organizational Changes to the IRS 607\u003c\/p\u003e \u003cp\u003e18.4 Weathering an IRS Examination 613\u003c\/p\u003e \u003cp\u003e18.5 When an Organization Loses Its Tax-Exempt Status 618\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Maintaining Exempt Status 620\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Checklists 620\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Private Inurement and Intermediate Sanctions 643\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Defining \u003ci\u003eInurement \u003c\/i\u003e646\u003c\/p\u003e \u003cp\u003e20.2 Salaries and Other Compensation 648\u003c\/p\u003e \u003cp\u003e20.3 Setting Salary 650\u003c\/p\u003e \u003cp\u003e20.4 Housing and Meals 652\u003c\/p\u003e \u003cp\u003e20.5 Purchase, Lease, or Sale of Property or Services 653\u003c\/p\u003e \u003cp\u003e20.6 Loans and Guarantees 654\u003c\/p\u003e \u003cp\u003e20.7 For-Profit to Nonprofit and Vice Versa 655\u003c\/p\u003e \u003cp\u003e20.8 Services Rendered for Individuals 656\u003c\/p\u003e \u003cp\u003e20.9 Joint Ventures 658\u003c\/p\u003e \u003cp\u003e20.10 Intermediate Sanctions 659\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Unrelated Business Income 671\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 IRS Scrutiny of Unrelated Business Income 673\u003c\/p\u003e \u003cp\u003e21.2 History of the Unrelated Business Income Tax 674\u003c\/p\u003e \u003cp\u003e21.3 Consequences of Receiving UBI 675\u003c\/p\u003e \u003cp\u003e21.4 Definition of \u003ci\u003eTrade or Business \u003c\/i\u003e677\u003c\/p\u003e \u003cp\u003e21.5 What is Unrelated Business Income? 680\u003c\/p\u003e \u003cp\u003e21.6 “Regularly Carried On” 681\u003c\/p\u003e \u003cp\u003e21.7 “Substantially Related” 683\u003c\/p\u003e \u003cp\u003e21.8 Unrelated Activities 688\u003c\/p\u003e \u003cp\u003e21.9 The Exceptions 710\u003c\/p\u003e \u003cp\u003e21.10 Income Modifications 717\u003c\/p\u003e \u003cp\u003e21.11 Calculating and Minimizing Taxable Income 727\u003c\/p\u003e \u003cp\u003e21.12 Debt-Financed Property 736\u003c\/p\u003e \u003cp\u003e21.13 Museums 743\u003c\/p\u003e \u003cp\u003e21.14 Travel Tours 745\u003c\/p\u003e \u003cp\u003e21.15 Publishing 746\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Relationships with Other Organizations and Businesses 750\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e22.1 Creation of (c)(3) by (c)(4), (5), or (6) 751\u003c\/p\u003e \u003cp\u003e22.2 Alliances with Investors 755\u003c\/p\u003e \u003cp\u003e22.3 Creation of a For-Profit Corporate Subsidiary 759\u003c\/p\u003e \u003cp\u003e22.4 Active Business Relationships 762\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Electioneering and Lobbying 765\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e23.1 Election Campaign Involvement 766\u003c\/p\u003e \u003cp\u003e23.2 Voter Education versus Candidate Promotion 772\u003c\/p\u003e \u003cp\u003e23.3 Tax on Political Expenditures 777\u003c\/p\u003e \u003cp\u003e23.4 Lobbying Activity of §501(c)(3) Organizations 786\u003c\/p\u003e \u003cp\u003e23.5 Permissible Amounts of Lobbying 793\u003c\/p\u003e \u003cp\u003e23.6 Lobbying Limits for §501(c)(4), (5), (6), and Other Exempt Organizations 796\u003c\/p\u003e \u003cp\u003e23.7 Advocacy and Nonpartisan Analysis 797\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 Deductibility and Disclosures 799\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e24.1 Overview of Deductibility 800\u003c\/p\u003e \u003cp\u003e24.2 The Substantiation and Quid Pro Quo Rules 812\u003c\/p\u003e \u003cp\u003e24.3 Valuing Donor Benefits 820\u003c\/p\u003e \u003cp\u003e24.4 Unrelated Business Income Aspects of Fund-Raising 824\u003c\/p\u003e \u003cp\u003e24.5 State and Local Regulations 825\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 Employment Taxes 826\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e25.1 Distinctions Between Employees and Independent Contractors 828\u003c\/p\u003e \u003cp\u003e25.2 Ministers 835\u003c\/p\u003e \u003cp\u003e25.3 Reporting Requirements 839\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 Mergers, Bankruptcies, and Terminations 844\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e26.1 Mergers and Other Combinations 844\u003c\/p\u003e \u003cp\u003e26.2 Bankruptcy 849\u003c\/p\u003e \u003cp\u003e26.3 Terminations 852\u003c\/p\u003e \u003cp\u003eTable of Cases 855\u003c\/p\u003e \u003cp\u003eTable of IRS Revenue Rulings 867\u003c\/p\u003e \u003cp\u003eTable of IRS Procedures 873\u003c\/p\u003e \u003cp\u003eIndex 875\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407077941591,"sku":"9781119540953","price":207.0,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/tax-planning-and-compliance-for-taxexempt-organizations-9781119540953","provider":"Book Curl","version":"1.0","type":"link"}