This booklet is an vital consultant to navigating the advanced maze of nonprofit tax ideas and laws. a transparent and entirely pointed out description of the necessities for a number of the different types of tax-exempt entities from public charities, inner most foundations, civic institutions, company leagues, and social golf equipment to title-holding businesses and governmental entities are available. functional assistance on capability for source of revenue tax on revenue-producing corporations in addition to motives of many exceptions to taxability is supplied. matters raised by means of net job, ads, publishing, delivering companies, and masses extra are explained.

This precious advisor covers the various major concerns dealing with nonprofit organisations, together with repayment and attainable deepest inurement, association, separations and mergers, donor disclosures, lobbying and electioneering, and employment taxes.

• Offers a supplemental, annual replace to maintain subscribers present on proper alterations in IRS kinds, specifications, and comparable tax procedures
• Includes easy-to-use checklists highlighting such serious issues as tax-exempt eligibility, reporting to the IRS, and accomplished tax compliance issues
• Features numerous pattern files for personal foundations, together with penalty abatement requests and sharing area agreements
• Provides valuable perform aids, corresponding to a comparability of the variations among private and non-private charities, charts reflecting lobbying limits for various varieties of entities, and listings of rulings and instances that illustrate permissible task for every form of organisations in comparison to impermissible activity

Filled with useful advice and recommendations for dealing with such serious events as getting ready for and surviving an IRS exam, Tax making plans and Compliance for Tax-Exempt enterprises, 5th Edition presents assistance for the numerous matters dealing with nonprofit organizations.