Tax Planning and Compliance for Tax-Exempt Organizations / Wiley Nonprofit Authority (PDF)

An essential, timesaving guide for accountants, lawyers,nonprofit executives and directors, consultants, and volunteers

This book is an indispensable guide to navigating the complexmaze of nonprofit tax rules and regulations. A clear and fullycited description of the requirements for the various categories oftax-exempt entities from public charities, private foundations,civic associations, business leagues, and social clubs totitle-holding companies and governmental entities can be found.Practical guidance on potential for income tax on revenue-producingenterprises along with explanations of many exceptions totaxability is provided. Issues raised by Internet activity,advertising, publishing, providing services, and much more areexplained.

This useful guide covers the many significant issues facingnonprofit organizations, including compensation and possibleprivate inurement, affiliation, separations and mergers, donordisclosures, lobbying and electioneering, and employment taxes.
* Offers a supplemental, annual update to keep subscriberscurrent on relevant changes in IRS forms, requirements, and relatedtax procedures
* Includes easy-to-use checklists highlighting such criticalconcerns as tax-exempt eligibility, reporting to the IRS, andcomprehensive tax compliance issues
* Features a variety of sample documents for private foundations,including penalty abatement requests and sharing spaceagreements
* Provides helpful practice aids, such as a comparison of thedifferences between public and private charities, charts reflectinglobbying limits for different types of entities, and listings ofrulings and cases that illustrate permissible activity for eachtype of organizations compared to impermissible activity

Filled with practical tips and suggestions for handling suchcritical situations as preparing for and surviving an IRSexamination, Tax Planning and Compliance for Tax-ExemptOrganizations, Fifth Edition provides guidance for thesignificant issues facing nonprofit organizations.