Book description
Stay updated on the latest tax regulations with this private foundation tax manual
Knowledge of tax regulations surrounding private foundations isn't enough if you're an executive of such an organization or a professional supporting a tax-exempt foundation. Annual changes to IRS rules and increased scrutiny by regulators mean it's necessary for you to keep abreast of myriad changes that come into existence each year. From authors Bruce R. Hopkins and Jody Blazek comes the definitive guide for those responsible for guiding the financial and tax filing operations of private foundations.
The complexity of tax regulations related to private foundations extends to a level that is out of proportion to the relatively small number of such entities. Nonetheless, recent statutory requirements that apply solely to private foundations can make untangling filing and reporting activities overly burdensome without a developed knowledge of the underlying theory and practice. To navigate this maze of add-on regulations, Hopkins and Blazek provide background knowledge, in-depth explanations of regulatory changes, and real-world examples to bring as much simplicity to the process as possible.
Receive guidance from the 2007 Outstanding Nonprofit Lawyer Award recipient
Learn about the details of private foundation taxes from leading experts in the field
Make use of checklists and sample documents to prepare organizational filings
Utilize line-by-line instructions for completing exemption applications and forms
For professionals working closely with private foundations, including accountants, lawyers, and foundation executives, Private Foundations: Tax Law and Compliance, 4th Edition is a welcome resource for keeping your clients or your organization on the right track.
Table of contents
- Cover
- Don't Miss Out on Must-Have and Timely New Information!
- Title Page
- Copyright
- Dedication
- Preface
- Book Citations
-
Chapter One: Introduction to Private Foundations
- § 1.1 Private Foundations: Unique Organizations
- § 1.2 Definition of Private Foundation
- § 1.3 History and Background
- § 1.4 Private Foundation Law Primer
- § 1.5 Statistical Profile
- § 1.6 Foundations in Overall Exempt Organizations Context
- § 1.7 Definition of Charity
- § 1.8 Operating for Charitable Purposes
- § 1.9 Organizational Rules
- § 1.10 Private Foundation Sanctions
- Chapter Two: Starting and Funding a Private Foundation
- Chapter Three: Types of Private Foundations
- Chapter Four: Disqualified Persons
-
Chapter Five: Self-Dealing
- § 5.1 Private Inurement Doctrine
- § 5.2 Private Benefit Doctrine
- § 5.3 Definition of Self-Dealing
- § 5.4 Sale, Exchange, Lease, or Furnishing of Property
- § 5.5 Loans and Other Extensions of Credit
- § 5.6 Payment of Compensation
- § 5.7 Indemnification and Insurance
- § 5.8 Uses of Income or Assets by Disqualified Persons
- § 5.9 Sharing Space, People, and Expenses
- § 5.10 Payments to Government Officials
- § 5.11 Indirect Self-Dealing
- § 5.12 Property Held by Fiduciaries
- § 5.13 Early Terminations of Charitable Remainder Trusts
- § 5.14 Additional Exceptions
- § 5.15 Issues Once Self-Dealing Occurs
-
Chapter Six: Mandatory Distributions
- § 6.1 Distribution Requirements—In General
- § 6.2 Assets Used to Calculate Minimum Investment Return
- § 6.3 Measuring Fair Market Value
- § 6.4 Distributable Amount
- § 6.5 Qualifying Distributions
- § 6.6 Distributions to Certain Supporting Organizations
- § 6.7 Satisfying the Distribution Test
- § 6.8 History of the Mandatory Distribution Requirement
- Chapter Seven: Excess Business Holdings
- Chapter Eight: Jeopardizing Investments
-
Chapter Nine: Taxable Expenditures
- § 9.1 Legislative Activities
- § 9.2 Political Campaign Activities
- § 9.3 Grants to Individuals
- § 9.4 Grants to Public Charities
- § 9.5 Grants to Foreign Organizations
- § 9.6 Expenditure Responsibility
- § 9.7 Internet and Private Foundations
- § 9.8 Spending for Noncharitable Purposes
- § 9.9 Distributions to Certain Supporting Organizations
- § 9.10 Excise Tax for Taxable Expenditures
- Chapter Ten: Tax on Investment Income
- Chapter Eleven: Unrelated Business Income
- Chapter Twelve: Tax Compliance and Administrative Issues
- Chapter Thirteen: Termination of Foundation Status
- Chapter Fourteen: Charitable Giving Rules
-
Chapter Fifteen: Private Foundations and Public Charities
- § 15.1 Distinctions Between Public and Private Charities
- § 15.2 Evolution of Law of Private Foundations
- § 15.3 Organizations with Inherently Public Activity
- § 15.4 Publicly Supported Organizations—Donative Entities
- § 15.5 Service Provider Organizations
- § 15.6 Comparative Analysis of the two Categories of Publicly Supported Charities
- § 15.7 Supporting Organizations
- § 15.8 Change of Public Charity Category
- § 15.9 Noncharitable Supported Organizations
- § 15.10 Relationships Created for Avoidance Purposes
- § 15.11 Reliance by Grantors and Contributors
- § 15.12 Other Rules
- § 15.13 Public Safety Organizations
- § 15.14 Termination of Public Charity Status
-
Chapter Sixteen: Donor-Advised Funds
- § 16.1 Basic Definitions
- § 16.2 General Concept of a Gift
- § 16.3 Types of Donor Funds
- § 16.4 IRS Challenges to Donor Funds
- § 16.5 Prohibited Material Restrictions
- § 16.6 Department of Justice Position
- § 16.7 Public Charity Status of Funds
- § 16.8 Interrelationship of Private Foundation Rules
- § 16.9 Statutory Criteria
- § 16.10 Department of Treasury Study
- § 16.11 Congressional Research Service Study
- Chapter Seventeen: Corporate Foundations
- About the Authors
- About the Online Resources
- Index
- End User License Agreement
Product information
- Title: Private Foundations: Tax Law and Compliance, 4th Edition
- Author(s):
- Release date: May 2014
- Publisher(s): Wiley
- ISBN: 9781118532478
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