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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 11Public Charities

  1. § 11.1 Distinction between Public and Private Charities
  2. § 11.2 “Inherently Public Activity” and Broad Public Support: § 509(a)(1)
    1. (f) Donative Public Charities: § 170(b)(1)(a)(vi)
    2. (g) Facts and Circumstances Test
    3. (h) Unusual Grants
  3. *§ 11.3 Community Foundations
    1. (c) Types of Support
    2. (g) Review of New FASB Standards Impact Revenue Recognition for Grants
  4. *§ 11.6 Supporting Organizations: § 509(a)(3)
    1. (i) Form 990 Schedule A Significantly Revised in 2014

§ 11.1 Distinction between Public and Private Charities

p. 229. Add as footnote to Annual Filings column for Public Charities:

**Form 990‐N can be filed for public charities with gross receipts of $50,000 or less. The form is called an e‐postcard and must be electronically filed. Eight items of information are submitted including the employer identification number, tax year, name and address of organization and its principal officer, website address, confirmation that its annual gross receipts are normally $50,000 or less, and a statement, if applicable, that the organization has terminated or is going out of business.

§ 11.2 “Inherently Public Activity” and Broad Public Support: § 509(a)(1)

(f) Donative Public Charities: § 170(b)(1)(a)(vi)

p. 240. Add at end of Two Percent Gifts paragraph:

A question arises when the charity receives a donation from a partnership. Is the donor the partnership or its individual partners? There is no explicit guidance in the code or regulations under IRC § ...

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Publisher Resources

ISBN: 9781119538196Purchase book