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New Arrival Tax Planning and Compliance for Tax-Exempt Organizations, 2024 Cumulative Supplement, 6th Edition

Tax Planning and Compliance for Tax-Exempt Organizations, 2024 Cumulative Supplement, 6th Edition

  • 作者:
  • 出版商: John Wiley & Sons
  • ISBN: 9781394253654
  • 出版时间 April 2024
  • 规格: Paperback , 896 pages
  • 适应领域: U.S. ? 免责申明:
    Countri(es) stated herein are used as reference only

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  • 描述 
  • 大纲 
  • 作者 
  • 详细

    An essential resource for the legal and finance professionals serving US-based tax-exempt organizations

    In the 2024 Cumulative Supplement to the latest edition of Tax Planning and Compliance for Tax-Exempt Organizations, a team of dedicated legal and accounting professionals delivers a timely and current discussion of the latest rules, pronouncements, legislation, and regulations affecting tax-exempt entities. In this Supplement, you'll discover clear and fully cited and supported descriptions of the requirements for a variety of categories of tax-exempt organizations, including public charities, private foundations, civic associations, business leagues, and social clubs.

    In this update, you'll find:

    • Coverage of every relevant and significant change to the taxation law governing tax-exempt organizations
    • Various sample documents and practice aids to save time and energy in the preparation of this year's financial documents
    • Practical guidance on the potential for income tax on revenue-producing enterprises

    Perfect for accountants, lawyers, executives, directors, and volunteers serving one of the many tax-exempt entities in the United States, Tax Planning and Compliance for Tax-Exempt Organizations: 2024 Cumulative Supplement is also an essential resource for consultants, managers, and other professionals working in or for tax-exempt organizations.

  • List of Exhibits ix

    Preface xiii

    About the Author xv

    Acknowledgments xvii

    Chapter 1 Distinguishing Characteristics of Tax- Exempt Organizations 1

    Chapter 1.3 2

    Chapter 1.4 Role of the Internal Revenue Service 6

    Chapter 1.5 Suitability as an Exempt Organization 8

    Chapter 3 Religious Organizations 9

    Chapter 4 Charitable Organizations 13

    4.6 Promotion of Health 13

    Chapter 5 Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals 17

    5.1 Educational Purposes 17

    5.5 Fostering Amateur Sports Educational Purposes 18

    Chapter 6 Civic Leagues and Local Associations of Employees: § (c)(4) 21

    § 6.2 Qualifying and Nonqualifying Civic Organizations 22

    Chapter 6.2 Qualifying and Nonqualifying Civic Organizations 24

    6.4 Neighborhood and Homeowner’s Associations 27

    6.5 Disclosures of Nondeductibility 27

    Chapter 9 Social Clubs 29

    9.1 Organizational Requirements and Characteristics 29

    Chapter 11 Public Charities 31

    11.2a Donor Advised Funds 31

    Chapter 12 Private Foundations— General Concepts 35

    § 12.1 Why Private Foundations Are Special 35

    12.4 Termination of Private Foundation Status 39

    Chapter 18 IRS Filings, Procedures, and Policies 41

    Chapter 24 Deductibility and Disclosures 43

    24.1 Overview of Deductibility 43

    24.6 Inflation Reduction Act 44

    Chapter 25 Employment Taxes 45

    Chapter 27 Cryptocurrency 47

    § 27.1 What Is Cryptocurrency? 47

    § 27.2 What Are the Various Kinds of Cryptocurrency? 48

    § 27.3 Should Nonprofits Be Involved in Cryptocurrency? 50

    § 27.4 Cryptocurrencies and the Internal Revenue Service 52

    Table of Cases 63

    Table of IRS Revenue Rulings 75

    Table of IRS Procedures 81

    Index 83

  • Jody Blazek is a partner in Blazek & Vetterling, a CPA firm focusing on tax and financial planning for exempt organizations and the individuals who create, fund, and work with them. She is the author of six books in the Wiley Nonprofit Series and served on the Panel on the Nonprofit Sector's Transparency and Financial Accountability Work Group. She is former chair and a member of Form 1023 and 990 Revision Task Forces for the American Institute of Certified Public Accountants (AICPA).

    Amanda Adams is a partner in Blazek & Vetterling. She has coauthored (with Jody Blazek) Revised Form 990: A Line-by-Line Preparation Guide (Wiley). She is an associate member of the AICPA's Exempt Organizations Tax Technical Resource Panel. She has a wealth of knowledge about the impact of partnerships, hedge funds, and other alternative investments owned by nonprofits, private foundations, and supporting organizations.

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