Jody Blazek

Tax Planning and Compliance for Tax-Exempt Organizations (eBook, PDF)

Rules, Checklists, Procedures, 2022 Cumulative Supplement

• Format: PDF

Produktbeschreibung

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

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Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 208
• Erscheinungstermin: 19. April 2022
• Englisch
• ISBN-13: 9781119873655
• Artikelnr.: 63894233

Autorenporträt

JODY BLAZEK is a leading authority on accounting practices and planning and compliance for tax-exempt organizations. She is a partner in Blazek & Vetterling, a CPA firm focusing on exempt organizations. She is the author of six books in the Wiley Nonprofit Series, including Financial Planning for Nonprofit Organizations Made Easy and The Tax Law of Private Foundations, Fifth Edition, as well as The Legal Answer Book for Private Foundations, coauthored with Bruce R. Hopkins. She is a frequent speaker at nonprofit symposia.

Inhaltsangabe

List of Exhibits xiii

Preface xvii

About the Author xxiii

Acknowledgments xxv

Part I Qualifications of Tax-Exempt Organizations 1

Chapter 1 Distinguishing Characteristics of Tax-Exempt Organizations 3

1.1 Differences between Exempt and Nonexempt Organizations 10

1.2 Nomenclature 13

1.3 Ownership and Control 13

1.4 Role of the Internal Revenue Service 14

1.5 Suitability as an Exempt Organization 15

1.6 Start-Up Tax and Financial Considerations 18

1.7 Choosing the Best Form of Organization 22

Chapter 2 Qualifying Under IRC 501(c)(3) 27

2.1 Organizational Test 29

2.2 Operational Test 36

Chapter 3 Religious Organizations 59

3.1 Types of Religious Organizations 60

3.2 Churches 65

3.3 Religious Orders 72

3.4 Religious and Apostolic Associations 73

Chapter 4 Charitable Organizations 75

4.1 Relief of the Poor 77

4.2 Promotion of Social Welfare 79

4.3 Lessening the Burdens of Government 88

4.4 Advancement of Religion 91

4.5 Advancement of Education and Science 91

4.6 Promotion of Health 92

4.7 Cooperative Hospital Service Organizations 116

Chapter 5 Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals 118

5.1 Educational Purposes 119

5.2 Literary Purposes 134

5.3 Scientific Purposes 134

5.4 Testing for Public Safety 139

5.5 Fostering National or International Amateur Sports Competition (But Only If No Part of Its Activities Involves the Provision of Athletic Facilities or Equipment) 140

5.6 Prevention of Cruelty to Children or Animals 141

Chapter 6 Civic Leagues and Local Associations of Employees: 501(c)(4) 143

6.1 Comparison of (c)(3) and (c)(4) Organizations 145

6.2 Qualifying and Nonqualifying Civic Organizations 151

6.3 Local Associations of Employees 155

6.4 Neighborhood and Homeowner's Associations 157

6.5 Disclosures of Nondeductibility 160

Chapter 7 Labor, Agricultural, and Horticultural Organizations: 501(c)(5) 169

7.1 Labor Unions 170

7.2 Agricultural Groups 175

7.3 Horticultural Groups 178

7.4 Disclosures of Nondeductibility 179

Chapter 8 Business Leagues: 501(c)(6) 180

8.1 Basic Characteristics 181

8.2 Meaning of "Common Business Interest" 181

8.3 Line of Business 183

8.4 Rendering Services for Members 186

8.5 Sources of Revenue 192

8.6 Membership Categories 193

8.7 Member Inurement 194

8.8 Chambers of Commerce and Boards of Trade 195

8.9 Comparison to 501(c)(5) 195

8.10 Recognition of Exempt Status 196

8.11 Formation of a Related Charitable Organization 197

8.12 Disclosures for Lobbying and Nondeductibility 199

Chapter 9 Social Clubs: 501(c)(7) 200

9.1 Organizational Requirements and Characteristics 202

9.2 Member Inurement Prohibited 205

9.3 Membership Requirements 207

9.4 Revenue Tests 208

9.5 Unrelated Business Income Tax 211

9.6 Filing and Disclosure Requirements 217

Chapter 10 Instrumentalities of Government and Title-Holding Corporations 218

10.1 501(c)(1) Instrumentalities of the United States 218

10.2 Governmental Units 219

10.3 Qualifying for 501(c)(3) Status 223

10.4 501(c)(2) Title-Holding Corporations 235

10.5 501(c)(25) Title-Holding Corp