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Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2019 Cumulative Supplement, 5th Edition
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Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2019 Cumulative Supplement, 5th Edition

by Jody Blazek
March 2019
Intermediate to advanced content levelIntermediate to advanced
272 pages
7h 58m
English
Wiley
Content preview from Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2019 Cumulative Supplement, 5th Edition

CHAPTER 4Charitable Organizations

  1. *§ 4.1 Relief of the Poor
  2. § 4.2 Promotion of Social Welfare
    1. (b) Credit Counseling and Mortgage Assistance Organizations
  3. § 4.3 Lessening Burdens of Government
  4. § 4.6 Promotion of Health
    1. (g) Health/Fitness Centers
    2. (i) Homes for the Elderly
    3. (j) § 501(r) Requirements for Hospitals

*§ 4.1 Relief of the Poor

p. 77. Add new bullet:

  • Providing job training for hardcore unemployed at a retail grocery store was charitable, but not the primary purpose.1
  • Increasing business patronage in a deteriorated area by providing information on the area's shopping opportunities, local transportation, and accommodations not operated exclusively for charitable purposes was not charitable, but instead promoted businesses.2

§ 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.”3

p. 84. Add to footnote 65:

IRS updated its FAQs on Credit ...

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Publisher Resources

ISBN: 9781119538196Purchase book