Skip to Main Content
Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition 2019 Cumulative Supplement, 5th Edition
book

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 15Minimum Distribution Requirements: IRC § 4942

  1. § 15.1 Assets Used to Calculate Minimum Investment Return
    1. (c) Exempt Function Assets
  2. § 15.2 Measuring Fair Market Value
    1. *(e) Cash and Other Assets
  3. § 15.4 Qualifying Distributions
    1. (b) Controlled Grantees and Redistributions
    2. *(c) Community Foundation Grants
    3. *(f) Direct Charitable Expenditures
    4. (g) Set‐Asides
  4. § 15.6 Satisfying the Distribution Test
    1. (a) Timing of Distributions
    2. (a)(1) Changing the Order of Application of Distributions
    3. (b) Planning for Excess Distributions
    4. (c) Cushion against Decline in Income
    5. (e) Abatement of Penalty

§ 15.1 Assets Used to Calculate Minimum Investment Return

(c) Exempt Function Assets

p. 389. Add bullet examples of property used directly in projects:

  • Operation of sheep ranch.1
  • Stock holding in corporation engaging in curatorial activities and management of legacy of an artist (the foundation's founder).2

p. 390. Add details of new examples of functionally related businesses:

An artist left his for‐profit corporation in which he operated his “artistic enterprise” to a private operating foundation. The corporation had managed the artist's business handling fabrication, shipment, sale, reproduction, and licensing of the work. Upon the transfer to the POF, the corporation changed its activities to a curatorial focus to foster an understanding of the broad scope of his work, advance scholarship of his work, and manage the artist's legacy. The value of the corporation was excluded ...

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.
Start your free trial

You might also like

PricewaterhouseCoopers 2008 Guide to Tax and Financial Planning

PricewaterhouseCoopers 2008 Guide to Tax and Financial Planning

PricewaterhouseCoopers LLP

Publisher Resources

ISBN: 9781119538196Purchase book