Tax Planning and Compliance for Tax-Exempt Organiz ations, 6th Edition, 2022 Cumulative Supplement
Rules, Checklists, Procedures, 2022 Cumulative Supplement
Erschienen am 13. Juni 2022
Buch
Softcover
208 Seiten
978-1-119-87363-1 (ISBN)
Beschreibung
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
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
Weitere Details
Auflage
6th Edition
Sprache
Englisch
Verlagsort
New York
USA
Zielgruppe
Für Beruf und Forschung
Maße
Höhe: 249 mm
Breite: 175 mm
Dicke: 13 mm
Gewicht
363 gr
ISBN-13
978-1-119-87363-1 (9781119873631)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Weitere Ausgaben
Andere Ausgaben
Jody Blazek
Tax Planning and Compliance for Tax-Exempt Organizations
Rules, Checklists, Procedures, 2022 Cumulative Supplement
E-Book
04/2022
6. Auflage
Wiley
121,99 €
Als Download verfügbar
Jody Blazek
Tax Planning and Compliance for Tax-Exempt Organizations
Rules, Checklists, Procedures, 2022 Cumulative Supplement
E-Book
04/2022
6. Auflage
Wiley
115,99 €
Als Download verfügbar
Inhalt
Preface
Part I QUALIFICATIONS OF TAX-EXEMPT ORGANIZATIONS
Chapter 1 Distinguishing Characteristics of Tax-Exempt Organizations
1.4 Role of the Internal Revenue Service
1.8 Developments Responding to COVID-19
Chapter 2 Qualifying Under IRC 501(c)(3)
2.2 Operational Test
Chapter 3 Religious Organizations
3.2 Churches
Chapter 4 Charitable Organizations
4.1 Relief of the Poor
4.3 Lessening the Burdens of Government
4.5 Advancement of Education and Science
4.6 Promotion of Health
Chapter 5 Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals
5.1 Educational Purposes
Chapter 6 Civic Leagues and Local Associations of Employees: 501(c)(4)
6.2 Qualifying and Nonqualifying Civic Organizations
Chapter 9 Social Clubs: 501(c)(7)
9.1 Organizational Requirements and Characteristics
9.4 Revenue Tests
Chapter 10 Instrumentalities of Government and Title-Holding Corporations
10.6 Requirements for IRC 501(c)(8) and (c)(10)
Chapter 11 Public Charities
11.2 "Inherently Public Activity" and Broad Public Support: 509(a)(1)
11.5 Difference Between 509(a)(1) and 509(a)(2)
11.9 Supporting Organization: 509(a)(3)
Part II STANDARDS FOR PRIVATE FOUNDATIONS
Chapter 12 Private Foundations-General Concepts
12.4 Termination of Private Foundation Status
Chapter 13 Excise Tax Based on Investment Income: IRC 4940
13.2 Capital Gains
Chapter 14 Self-Dealing: IRC 4941
14.2 Sale, Exchange, or Lease of Property
14.5 Transactions That Benefit Disqualified Persons
Chapter 15 Minimum Distribution Requirements: IRC 4942
15.1 Assets Used to Calculate Minimum Investment Return
15.2 Measuring Fair Market Value
15.4 Qualifying Distributions
Chapter 16 Excess Business Holdings and Jeopardizing Investments: IRC 4943 and 4944
16.1 Excess Business Holdings
16.2 Jeopardizing Investments
Chapter 17 Taxable Expenditures: IRC 4945
17.3 Grants to Individuals
17.4 Grants to Public Charities
Part III OBTAINING AND MAINTAINING TAX-EXEMPT STATUS
Chapter 18 IRS Filings, Procedures, and Policies
18.1 IRS Determination Process
18.2 Annual Filing of Form 990
18.3 Reporting Organizational Changes to the IRS
18.4 Weathering an IRS Examination
Chapter 19 Maintaining Exempt Status
19.1 Checklists
Chapter 20 Private Inurement and Intermediate Sanctions
20.2 Salaries and Other Compensation
20.10 Intermediate Sanctions
20.11 New 4960 Excise Tax on Excess Compensation
Chapter 21 Unrelated Business Income
21.4 Definition of Trade or Business
21.8 Unrelated Activities
21.10 Income Modifications
21.11 Calculating and Minimizing Taxable Income
Chapter 23 Electioneering and Lobbying
23.3 Tax on Political Expenditures
Chapter 24 Deductibility and Disclosures
24.1 Overview of Deductibility
24.2 The Substantiation and Quid Pro Quo Rules
24.3 Valuing Donor Benefits
Chapter 25 Employment Taxes
25.1 Distinctions Between Employees and Independent Contractors
25.3 Reporting Requirements
Chapter 27 Cryptocurrency
27.1 What Is Cryptocurrency?
27.2 What Are the Various Kinds of Cryptocurrency?
27.3 Should Nonprofits Be Involved in Cryptocurrency?
27.4 Cryptocurrencies and the Internal Revenue Service
Index
Part I QUALIFICATIONS OF TAX-EXEMPT ORGANIZATIONS
Chapter 1 Distinguishing Characteristics of Tax-Exempt Organizations
1.4 Role of the Internal Revenue Service
1.8 Developments Responding to COVID-19
Chapter 2 Qualifying Under IRC 501(c)(3)
2.2 Operational Test
Chapter 3 Religious Organizations
3.2 Churches
Chapter 4 Charitable Organizations
4.1 Relief of the Poor
4.3 Lessening the Burdens of Government
4.5 Advancement of Education and Science
4.6 Promotion of Health
Chapter 5 Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals
5.1 Educational Purposes
Chapter 6 Civic Leagues and Local Associations of Employees: 501(c)(4)
6.2 Qualifying and Nonqualifying Civic Organizations
Chapter 9 Social Clubs: 501(c)(7)
9.1 Organizational Requirements and Characteristics
9.4 Revenue Tests
Chapter 10 Instrumentalities of Government and Title-Holding Corporations
10.6 Requirements for IRC 501(c)(8) and (c)(10)
Chapter 11 Public Charities
11.2 "Inherently Public Activity" and Broad Public Support: 509(a)(1)
11.5 Difference Between 509(a)(1) and 509(a)(2)
11.9 Supporting Organization: 509(a)(3)
Part II STANDARDS FOR PRIVATE FOUNDATIONS
Chapter 12 Private Foundations-General Concepts
12.4 Termination of Private Foundation Status
Chapter 13 Excise Tax Based on Investment Income: IRC 4940
13.2 Capital Gains
Chapter 14 Self-Dealing: IRC 4941
14.2 Sale, Exchange, or Lease of Property
14.5 Transactions That Benefit Disqualified Persons
Chapter 15 Minimum Distribution Requirements: IRC 4942
15.1 Assets Used to Calculate Minimum Investment Return
15.2 Measuring Fair Market Value
15.4 Qualifying Distributions
Chapter 16 Excess Business Holdings and Jeopardizing Investments: IRC 4943 and 4944
16.1 Excess Business Holdings
16.2 Jeopardizing Investments
Chapter 17 Taxable Expenditures: IRC 4945
17.3 Grants to Individuals
17.4 Grants to Public Charities
Part III OBTAINING AND MAINTAINING TAX-EXEMPT STATUS
Chapter 18 IRS Filings, Procedures, and Policies
18.1 IRS Determination Process
18.2 Annual Filing of Form 990
18.3 Reporting Organizational Changes to the IRS
18.4 Weathering an IRS Examination
Chapter 19 Maintaining Exempt Status
19.1 Checklists
Chapter 20 Private Inurement and Intermediate Sanctions
20.2 Salaries and Other Compensation
20.10 Intermediate Sanctions
20.11 New 4960 Excise Tax on Excess Compensation
Chapter 21 Unrelated Business Income
21.4 Definition of Trade or Business
21.8 Unrelated Activities
21.10 Income Modifications
21.11 Calculating and Minimizing Taxable Income
Chapter 23 Electioneering and Lobbying
23.3 Tax on Political Expenditures
Chapter 24 Deductibility and Disclosures
24.1 Overview of Deductibility
24.2 The Substantiation and Quid Pro Quo Rules
24.3 Valuing Donor Benefits
Chapter 25 Employment Taxes
25.1 Distinctions Between Employees and Independent Contractors
25.3 Reporting Requirements
Chapter 27 Cryptocurrency
27.1 What Is Cryptocurrency?
27.2 What Are the Various Kinds of Cryptocurrency?
27.3 Should Nonprofits Be Involved in Cryptocurrency?
27.4 Cryptocurrencies and the Internal Revenue Service
Index