Tax Planning and Compliance for Tax-Exempt Organizations, 2023 Cumulative Supplement, Sixth Edition
- 4h 57m
- Jody Blazek
- John Wiley & Sons (US)
- 2023
An essential, timesaving guide for accountants, lawyers, nonprofit executives and directors, consultants, and volunteers – Completely updated for 2023
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 2023 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
About the Author
JODY BLAZEK is a leading authority on accounting practices and planning and compliance for tax-exempt organizations. She is a partner in Blazek & Vetterling, a CPA firm focusing on exempt organizations. She is the author of six books in the Wiley Nonprofit Series, including Financial Planning for Nonprofit Organizations Made Easy and The Tax Law of Private Foundations, Fifth Edition, as well as The Legal Answer Book for Private Foundations, coauthored with Bruce R. Hopkins. She is a frequent speaker at nonprofit symposia.
In this Book
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Distinguishing Characteristics of Tax‐Exempt Organizations
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Qualifying under IRC § 501(C)(3)
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Religious Organizations
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Charitable Organizations
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Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals
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Civic Leagues and Local Associations of Employees—§ 501(C)(4)
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Social Clubs—§ 501(C)(7)
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Instrumentalities of Government and Title‐Holding Corporations
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Public Charities
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Private Foundations—General Concepts
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Excise Tax Based on Investment Income—IRC § 4940
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Self‐Dealing—IRC § 4941
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Minimum Distribution Requirements—IRC § 4942
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Excess Business Holdings and Jeopardizing Investments—IRC §§ 4943 and 4944
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Taxable Expenditures—IRC § 4945
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IRS Filings, Procedures, and Policies
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Maintaining Exempt Status
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Private Inurement and Intermediate Sanctions
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Unrelated Business Income
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Electioneering and Lobbying
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Deductibility and Disclosures
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Employment Taxes
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Cryptocurrency
