Jody Blazek, Jane M Searing

Tax Planning and Compliance for Tax-Exempt Organizations

Rules, Checklists, Procedures

• Gebundenes Buch

Produktbeschreibung

A hands-on roadmap to navigating the complicated maze of tax-exempt rules and regulations In the newly revised seventh edition of Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures, a team of celebrated tax and nonprofit specialists delivers a critical update to their widely read and authoritative series on nonprofit organization taxation. It's an essential guide to making sense of the complexities of nonprofit tax rules and regulations. Packed with checklists and suggestions, this book tells you exactly how to understand-and comply with-the complicated maze of tax-exempt organization rules and regulations administered by the Internal Revenue Service. In the book, you'll find: * Extensive, quick-use checklists for determining tax-exempt eligibility, reporting to the IRS, and tax compliance * Detailed instructions for submitting exemption applications and tax forms * Sample documents, including organizational bylaws, letters of application, and completed IRS forms * Tools and practice aids, like a comparison chart explaining the differences between public and private charities Written by two of the leading authorities in a rapidly evolving field, Tax Planning and Compliance for Tax-Exempt Organizations dives deep into the most recent changes to the tax code, new case law and IRS rulings, and regulations promulgated since 2020. It's perfect for tax and accounting professionals everywhere.

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Produktdetails

• Verlag: Wiley
• 7th edition
• Erscheinungstermin: 22. April 2025
• Englisch
• ISBN-13: 9781394317110
• ISBN-10: 1394317115
• Artikelnr.: 71869672

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