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
Content preview from Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2014 Cumulative SupplementBecome 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,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 12
Private Foundations—General Concepts
§ 12.2 Special Rules Pertaining to Private Foundations
*(a) Types of Private Foundations
*(c) Definition of Special Terms
§ 12.4 Termination of Private Foundation Status
*(d) Conversion of Private Foundation into a Public Charity
§ 12.2 Special Rules Pertaining to Private Foundations
(a) Types of Private Foundations
*p. 280. Add to footnote 18:
Also see §15.4(b) and §53.4942(a)-3(c)(2)(iv).
(c) Definition of Special Terms
p. 282. Add after second sentence in Substantial Contributor paragraph:
For self-dealing purposes only, this term does not include any charitable organization, including a private foundation.1
*p. 284. Add at end of Other Disqualified Persons paragraph:
The self-dealing prohibition extends to transactions or other arrangements between a corporate foundation and the for-profit business that is related to it, except for a case in which the positive public recognition accorded a for-profit company due to the charitable activities of its corporate foundation is not the type of private benefit that is a transgression of the self-dealing rules.
The directors and officers of a for-profit organization that controls a corporate foundation are not, by statute, disqualified persons (for that reason) with respect to the foundation. If, however, employees of the for-profit organization are significantly involved in the management of a related corporate foundation on a day-to-day basis, the IRS might assert ...
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.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.