book

Private Foundations

by Bruce R. Hopkins, Jody Blazek

November 2017

Intermediate to advanced

256 pages

7h 46m

English

Wiley

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§ 1.6 FOUNDATIONS IN OVERALL EXEMPT ORGANIZATIONS CONTEXT*§ 1.10 PRIVATE FOUNDATIONS SANCTIONS
§ 2.5 ACQUIRING RECOGNITION OF TAX-EXEMPT STATUS§ 2.7 WHEN TO REPORT BACK TO THE IRSNOTES
§ 3.1 PRIVATE OPERATING FOUNDATIONS*§ 3.1A EXEMPT OPERATING FOUNDATIONS
§ 4.4 FAMILY MEMBERSNOTES
*§ 5.1 PRIVATE INUREMENT DOCTRINE*§ 5.3 DEFINITION OF SELF-DEALING§ 5.4 SALE, EXCHANGE, LEASE, OR FURNISHING OF PROPERTY§ 5.6 PAYMENT OF COMPENSATION§ 5.8 USES OF INCOME OR ASSETS BY DISQUALIFIED PERSONS*§ 5.10 PAYMENTS TO GOVERNMENT OFFICIALS§ 5.11 INDIRECT SELF-DEALING§ 5.12 PROPERTY HELD BY FIDUCIARY*§ 5.15 ISSUES ONCE SELF-DEALING OCCURSNOTES
§ 6.2 ASSETS USED TO CALCULATE MINIMUM INVESTMENT RETURN§ 6.5 QUALIFYING DISTRIBUTIONS§ 6.7 SATISFYING THE DISTRIBUTION TESTNOTES

§ 7.1 GENERAL RULES§ 7.2 PERMITTED AND EXCESS HOLDINGS§ 7.3 FUNCTIONALLY RELATED BUSINESSES*§ 7.4 RULES APPLICABLE TO CERTAIN SUPPORTING ORGANIZATIONS§ 7.6 EXCISE TAXES ON EXCESS HOLDINGSNOTES
§ 8.1 GENERAL RULES§ 8.2 PRUDENT INVESTMENTS§ 8.3 PROGRAM-RELATED INVESTMENTSNOTES
§ 9.1 LEGISLATIVE ACTIVITIES§ 9.2 POLITICAL CAMPAIGN ACTIVITIES§ 9.3 GRANTS TO INDIVIDUALS§ 9.4 GRANTS TO PUBLIC CHARITIES*§ 9.4A GRANTS TO EXEMPT OPERATING FOUNDATIONS§ 9.5 GRANTS TO FOREIGN ORGANIZATIONS*§ 9.6 EXPENDITURE RESPONSIBILITY*§ 9.9 DISTRIBUTIONS TO CERTAIN SUPPORTING ORGANIZATIONS§ 9.10 EXCISE TAX FOR TAXABLE EXPENDITURESNOTES
§ 10.3 FORMULA FOR TAXABLE INCOMENOTES
§ 11.1 GENERAL RULES*§ 11.2 EXCEPTIONS§ 11.3 RULES SPECIFICALLY APPLICABLE TO PRIVATE FOUNDATIONS§ 11.5 CALCULATING AND REPORTING THE TAXNOTES
§ 12.1 SUCCESSFUL PREPARATION OF FORM 990-PF§ 12.2 REPORTS UNIQUE TO PRIVATE FOUNDATIONS§ 12.3 COMPLIANCE ISSUESNOTES
§ 13.4 OPERATION AS A PUBLIC CHARITY§ 13.5 MERGERS, SPLIT-UPS, AND TRANSFERS BETWEEN FOUNDATIONSNOTES
*§ 15.4 PUBLICLY SUPPORTED ORGANIZATIONS DONATIVE ENTITIES§ 15.5 SERVICE PROVIDER ORGANIZATIONS§ 15.7 SUPPORTING ORGANIZATIONS§ 15.8 CHANGE OF PUBLIC CHARITY CATEGORYNOTES
§ 17.3 PRIVATE INUREMENT DOCTRINE§ 17.5 SELF-DEALING RULESNOTES
§ 18.1 STATE LAW OVERVIEW§ 18.2 BOARD OF DIRECTORS BASICS§ 18.3 PRINCIPLES OF FIDUCIARY RESPONSIBILITY§ 18.4 DUTIES OF DIRECTORS§ 18.5 BOARD COMPOSITION AND FEDERAL TAX LAW§ 18.6 SOURCES OF NONPROFIT GOVERNANCE PRINCIPLES§ 18.7 RELEVANT NONPROFIT GOVERNANCE ISSUES§ 18.8 NONPROFIT GOVERNANCE POLICIES§ 18.9 ROLE OF IRS IN NONPROFIT GOVERNANCE§ 18.10 GOVERNANCE PRINCIPLES AND PRIVATE FOUNDATIONSNOTES

Content preview from Private Foundations

CHAPTER TENTax on Investment Income

§ 10.3 Formula for Taxable Income
1. (a) Gross Investment Income

§ 10.3 FORMULA FOR TAXABLE INCOME

(a) Gross Investment Income

p. 488, last paragraph, first sentence. Delete and substitute:

The term gross investment income means the gross amount of income from interest, dividends, rents, payments with respect to securities loans, and royalties,⁴¹ but not including any income to the extent included in computing the unrelated business income tax.^41.1

p. 488, last paragraph. Delete second and third sentences (including note) and substitute the following—the following sentence and remaining text of paragraph form a new paragraph:

Gross investment income also includes income that is from sources that are similar to interest, dividends, and the like.^41.2

NOTES

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Private Foundations: Tax Law and Compliance, 4th Edition

Publisher Resources

ISBN: 9781119392507Purchase book