Skip to Main Content
Joint Ventures Involving Tax-Exempt Organizations, 4th Edition
book

Joint Ventures Involving Tax-Exempt Organizations, 4th Edition

by Michael I. Sanders
December 2021
Intermediate to advanced content levelIntermediate to advanced
352 pages
11h 15m
English
Wiley
Content preview from Joint Ventures Involving Tax-Exempt Organizations, 4th Edition

CHAPTER 4Overview: Joint Ventures Involving Exempt Organizations

  1. § 4.1 Introduction
  2. § 4.2 Exempt Organization as General Partner: A Historical Perspective
  3. § 4.6 Revenue Ruling 2004-51 and Ancillary Joint Ventures
  4. § 4.9 Conversions from Exempt to For-Profit and from For-Profit to Exempt Entities
  5. § 4.10 Analysis of a Virtual Joint Venture

§ 4.1 INTRODUCTION

p. 294. Insert the following at the end of this section:

The use of joint ventures by charities is becoming critical in view of the recent tax legislation:

  • Reduction in tax rates, especially C corp rates to 21 percent (permanent). C corps have been the largest investor in low-income housing tax credits and new market tax credits.
  • Increase in standard deduction and reduction in individual rates.
  • Significant estate tax relief through doubling of exemption.
  • Estimated $1.45 trillion cost for the 10-year period of tax reform.
  • Limit on or elimination of certain itemized deductions.
  • All of which will affect charitable giving and therefore make joint ventures even more attractive as a fundraising device.

However, the 2017 Tax Act (Pub. L. No. 115-97) has retained the low-income housing tax credit, and the new market tax credit was not repealed.

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Joint Ventures Involving Tax-Exempt Organizations, 4th Edition

Joint Ventures Involving Tax-Exempt Organizations, 4th Edition

Michael I. Sanders

Publisher Resources

ISBN: 9781119845607Purchase Link