Joint Ventures Involving Tax-Exempt Organizations

Acknowledgments.Preface.Chapter one: Introduction: Joint Ventures Involving Exempt Organizations Generally.Chapter Two: Taxation of Charitable Organizations.Chapter Three: Taxation of Partnerships and Joint Ventures.Chapter Four: Overview: Joint Ventures Involving Exempt Organizations.Appendix 4A Joint Venture Checklist.Chapter Five: Private Benefit, Private Inurement, and Excess Benefit Transactions.Chapter Six: The Exempt Organization as Lender or Ground Lessor.Chapter Seven: Exempt Organizations as Accommodating Parties in Tax Shelter Transactions.Chapter Eight: The Unrelated Business Income Tax.Chapter Nine: Debt-Financed Income.Chapter Ten: Limitation on Excess Business Holdings.Chapter Eleven: Impact on Taxable Joint Ventures: Tax-Exempt Entity Leasing Rules.Chapter Twelve: Healthcare Entities in Joint Ventures.Appendix 12A Sample Conflicts of Interest Policy.Chapter Thirteen: Low-Income Housing--New Markets, Rehabilitation, and Other Tax Credits Programs.Appendix 13A New Markets Tax Credits Project Compliance/Qualification Checklist.Chapter Fourteen: Joint Ventures with Universities.Chapter Fifteen: Business Leagues Engaged in Joint Ventures.Chapter Sixteen: Conservation Organizations in Joint Ventures.Chapter Seventeen: International Joint Ventures.Chapter Eighteen: Private Pension Fund Investments in Joint Ventures.Chapter Nineteen: Exempt Organizations Investing Through Limited Liability Companies.Chapter Twenty: Debt Restructuring and Asset Protection Issues.Index.

Michael I. Sanders heads the Tax Department at Powell Goldstein, LLP in Washington, D.C., Atlanta, Georgia and Dallas, Texas. He served with the U.S. Department of Justice (Attorney General's Honors Program 1967-1968; Attorney advisor to the Assistant Secretary for Tax Policy, Office of Tax Legislative Counsel, 1968-1970) and was formerly Chairman of the Exempt Organizations Committee, Tax Section of the American Bar Association, Member of the Internal Revenue Service Commissioner's Exempt Organizations Advisory Group. He is presently a member of the American Institute of Certified Public Accountants.

Mr. Sanders is an adjunct professor of taxation at Georgetown University Law School, teaching tax treatment of charities and other nonprofit organizations, and at George Washington University Law School, teaching income taxation of partnerships and subchapter S corporations.

Mr. Sanders has co-authored Private Foundations-Taxable Expenditures, Tax Management Portfolio, 293-3rd , and authored, "Exploring the Role of the Tax Attorney", Tax Settlements and Negotiations: Leading Lawyers on Issuing Tax Opinions, Managing Audit Situations, and Representing Clients before the IRS, 2006. Mr. Sanders was named by the Washington Business Journal as one of the City's Top Ten Lawyers and the City's Top Tax Lawyer in 2004. Mr. Sanders was selected for both the 2007 and 2006 editions of Best Lawyers in America and has also been honored as one of "Washington D.C.'s Legal Elite" by Smart CEO Magazine for 2006 and 2007. Mr. Sanders speaks at numerous conferences and forums around the country and regularly serves as an expert witness in complex cases involving federal income tax.

Mr. Sanders earned his LLB at New York University, and his LLM at Georgetown University.