April 2014
Intermediate to advanced
176 pages
4h 21m
English
book
Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2014 Cumulative Supplement
by Jody Blazek
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CHAPTER 4
Charitable Organizations
§ 4.2 Promotion of Social Welfare
(b) Credit Counseling and Mortgage Assistance Organizations
*§ 4.3 Lessening Burdens of Government
*(j) § 501(r) Requirements for Hospitals
§ 4.2 Promotion of Social Welfare
(b) Credit Counseling and Mortgage Assistance Organizations
p. 84. Add after first paragraph:
The IRS emphasized several portions of new § 501(q) in denying exemption to a prospective credit counseling organization. Charging fees that are consistent with market rates for similar counseling by a for-profit entity rather than rates based on the recipient's ability to pay was deemed to evidence operation as a commercial, rather than charitable, business. Another fact leading to denial was that the CEO controlled the organization and the “entire enterprise is carried on in such a manner as to substantially benefit the CEO in her personal capacity.”1
p. 84. Add to footnote 65:
IRS updated its FAQs on Credit Counseling Organizations on November 1, 2011.
§ 4.3 Lessening Burdens of Government
*p. 88. Add new bullet:
- Program to improve health care quality and reduce health care costs with regional health information technology was deemed to be charitable because it lessened the burdens of government.2
§ 4.6 Promotion of Health
(j) § 501(r) Requirements for Hospitals
p. 110. Add after last paragraph in this section:
On June 21, 2012, the Treasury Inspector General for Tax Administration (“TIGTA”) issued a report regarding ...
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