IRS Form 990
Tax Preparation Guide for Nonprofits
Published on 16. March 2004
Book
Mixed media product
240 pages
978-0-471-44853-2 (ISBN)
Description
This book provides hands on guidance to help nonprofits through the tax filing maze! Get easy to use worksheets helping you manage such critical concerns as tax exempt eligibility, reporting to the IRS, and tax compliance. Comprehensive, line by line instructions and checklists containing major tax compliance issues are supplied. This hands on workbook walks you through the process of achieving and maintaining exempt status for a non profit organization. Jody Blazek demystifies the process for financial professionals and nonprofessionals alike who are held accountable for the content of these forms.
More details
Edition
Revised edition
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Edition type
Revised edition
Dimensions
Height: 254 mm
Width: 181 mm
Weight
425 gr
ISBN-13
978-0-471-44853-2 (9780471448532)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Book
05/2009
1st Edition
Wiley
€63.00
Shipment within 10-20 days
Person
JODY BLAZEK, CPA, is a partner in Blazek & Vetterling LLP, a Houston-based CPA firm providing tax compliance and auditing services to tax-exempt organizations and tax consulting services to other lawyers and accountants who serve nonprofits. She is past chair of the Exempt Organization Resource Panel of the AICPA and serves on the editorial board of Tax Advisor, Exempts, and Exempt Organization Tax Review. She is also a founding director of Texas Accountants and Lawyers for the Arts and the Houston Artists Fund. She is the author of Tax Planning and Compliance for Tax-Exempt Organizations, Fourth Edition (2004), Financial Planning for Nonprofit Organizations (1996), and Private Foundations: Tax Law and Compliance, Second Edition (2003) and The Legal Answer Book for Private Foundations (2001) (both coauthored with Bruce R. Hopkins), all published by Wiley.
Content
Preface.Acknowledgments.About the Author.Chapter One: Tools, Concepts, Filing, and Reporting Requirements.1.1 Find Out Why the Nonprofit Qualifies for Tax Exemption.1.2 Filing Forms 990.1.3 Public Inspection of Forms 990 and 1023 or 1024.1.4 Accounting Issues.Appendix 1A: Form 8868.Chapter Two: Successful Preparation of Forms 990 and 990-EZ.2.1 Form 990-EZ-Short Form.2.2 Form 990, Part I-Income and Expense.2.3 Part II-Statement of Functional Expenses.2.4 Part III-Statement of Program Service Accomplishments.2.5 Part IV-Balance Sheet and Reconciliation.2.6 Part V-List of Officers, Directors, and Trustees.2.7 Parts VI and IX-Other Information.2.8 Part VII-Analysis of Income-Producing Activity.2.9 Reporting by Political Organizations.Appendix 2A: Form 990-EZ.Appendix 2B: Form 990.Appendix 2C: Schedule B.Appendix 2D: UBI Codes.Appendix 2E: Exclusion Codes.Appendix 2F: Form 8871.Appendix 2G: Form 8872.Chapter Three: Form 990, Schedule A: For 501(c)(3) Organizations.3.1 Parts I and II-Compensation.3.2 Part III-Statement about Activities.3.3 Part IV-Reason for Non-Private Foundation Status: 509(a)(1).3.4 Part IV-Service-Providing Public Charities: 509(a)(2).3.5 Part IV-Supporting Organizations: 509(a)(3).3.6 Differences between 509(a)(1) and 509(a)(2).3.7 Solving Troublesome Public Status Problems.3.8 Part V-Private School Questionnaire.3.9 Part VI-A-Lobbying Expenditures by Electing Public Charities-and Part VI-B-Lobbying Activity by Nonelecting Public Charities.3.10 Part VII-Information Regarding Transfers, Transactions, and Relationships with Other Organizations.Appendix 3A: Schedule A.Appendix 3B: Form 5768.Chapter Four: The Private Foundation Return.4.1 Successful Completion of Form 990-PF.4.2 The Part I Columns.4.3 Line-by-Line Instructions for Revenues.4.4 Line-by-Line Instructions for Expenditures.4.5 Part II-Balance Sheets.4.6 Part III-Analysis of Changes in Net Worth or Fund Balances.4.7 Part IV-Capital Gains and Losses for Tax on Investment Income.4.8 Reports Unique to Private Foundations.4.9 Part V-Reducing the Tax Rate.4.10 Part VI-Calculating the Excise Tax.4.11 Part VII-A-Proof of Ongoing Qualification for Exemption.4.12 Questions Seeking Evidence That No Sanctions Apply.4.13 Part VIII-Information about Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors.4.14 Part IX-A and B-Summary of Charitable Activities and Program-Related Investments.4.15 Part X-Minimum Investment Return.4.16 Part XI-Distributable Amount.4.17 Part XII-Qualifying Distributions.4.18 Part XIII-Undistributed Income.4.19 Part XIV-Private Operating Foundations.4.20 Part XV-Supplementary Information.4.21 Part XV-Grants and Contributions Paid During the Year or Approved for Future Payment.4.22 Part XVI-A-Analysis of Income-Producing Activity.4.23 Part XVII-Information Regarding Transfers to and Transactions and Relationships with Noncharitable Exempt Organizations.Appendix 4A: Form 990-PF.Appendix 4B: Form 4720.Chapter Five: Form 990-T: Exempt Organization Business Income Tax Return.5.1 What Is Unrelated Business Income?5.2 Exceptions and Modifications from Tax.5.3 Unrelated Debt-Financed Income.5.4 Who Files Form 990-T?5.5 Due Dates, Tax Rates, and Other Filing Issues.5.6 Normal Tax Income Rules Apply.5.7 The Unique Design of the 990-T.5.8 Categories of Deductions.5.9 Cost Allocations.5.10 In-Kind Donations.Appendix 5A: Form 990-T.Chapter Six: Successful IRS Communication.6.1 Understanding the IRS Exempt Organization Division.6.2 Reporting Organizational/Program Changes to the IRS.6.3 Changing Fiscal Year.6.4 Changing Accounting Method.6.5 When to Amend a Form 990.6.6 Changing Public Charity Class.6.7 When the IRS Examines.Notes.Index.