Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures

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John Wiley & Sons, May 21, 2004 - Business & Economics - 896 pages
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Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, and Procedures, Fourth Edition is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations. Along with clear, concise instructions for filing Forms 990 and other important IRS forms and documents, this practical guide covers the significant issues facing nonprofit organizations, including unrelated business income, private inurement, affiliations, and employment taxes. It also provides practical guidance on obtaining the tax exemption; reporting to boards, auditors, and the IRS; testing ongoing tax compliance; and managing lobbying expenditure.

An essential, timesaving guide for accountants, lawyers, nonprofit executives and directors, consultants, and volunteers, this Fourth Edition offers:

  • A supplemental, annual update to keep subscribers current on relevant changes in IRS forms, requirements, and related tax procedures.
  • Easy-to-use checklists highlighting such critical concerns as tax-exempt eligibility, reporting to the IRS, and tax compliance.
  • A variety of sample documents, including organizational bylaws, letters of application, and completed IRS forms.
  • Helpful practice aids, such as a comparison chart summarizing the differences between public and private charitable organizations.
  • Practical tips and suggestions for handling such critical situations as preparing for and surviving an IRS examination.
 

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Contents

PART II STANDARDS FOR PRIVATE FOUNDATIONS
227
PART III OBTAINING AND MAINTAINING TAXEXEMPT STATUS
439
Table of Cases
697
Table of IRS Revenue Rulings and Revenue Procedures
707
Index
715
Copyright

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About the author (2004)

JODY BLAZEK, CPA, is a partner in Blazek &Vetterling, LLP, an accounting firm that focuses on financial planning, tax compliance, and auditing for tax-exempt organizations and the individuals who create, fund, and work for them. She is also a founding director of Texas Accountants and Lawyers for the Arts and a board member of the Anchorage Foundation, Houston Artists Fund, River Pierce Foundation, and the Planned Giving Council of Houston. Blazek's nonprofit concentration began when she worked at KPMG Peat Marwick and continued when she served as chief financial officer of the Menil Foundation. She is the author of The Legal Answer Book for Private Foundations, the 990 Handbook, and Financial Planning for Nonprofit Organizations. She received her BBA from the University of Texas at Austin and attended South Texas School of Law.

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