Wiley Not-for-Profit GAAP 2019

18PRINCIPAL FEDERAL AND STATE TAX REPORTING AND REGULATORY REQUIREMENTS

• The Importance of Meeting Federal and State Reporting Requirements
  • Intermediate Sanctions
  • Private Inurement
• Organizations Exempt from Tax
• Charitable Organizations
• Private Foundations
  • Excise Tax on Investment Income
  • Tax Consequences of Gifts of Securities
  • Distribution of Income
  • Excess Business Holdings
  • Prohibited Transactions
    • Self-dealing
    • Investments that jeopardize exempt function
    • Prohibited expenditures
  • Annual Information Return
• Private Operating Foundations
  • Qualifying Tests
  • Advantages
• Other Concerns for Charities
  • Contribution Disclosures
  • Contribution Acknowledgments
  • Solicitation Disclosures
  • Excise Tax Considerations
  • Summary of Individual Tax Deductions
• Noncharitable Exempt Organizations
  • Social and Recreation Clubs
    • Exempt status
    • Substantiation requirements
    • Unrelated business income
  • Trade Associations
    • Lobbying expenses
    • Unrelated business income
  • Title-Holding Companies
    • Unrelated business income
• Unrelated Business Income
  • Definition
    • Exclusions
    • Advertising income
    • Trade shows
    • Caveats
  • Tax Rates on Unrelated Business Income
  • Need for Competent Tax Advice
  • Uncertainty in Income Tax Provisions
• Registration and Reporting
  • Initial Registration
  • Annual Information Returns
  • Return Inspection
• Reports by Recipients of Federal Support
• Principal Federal Tax Forms Filed
  • Form 990: Return of Organization Exempt from Income Tax
    • Who must file?
    • Contents of Form 990
  • Form 990-EZ: Short Form
  • Form 990-N: e-Postcard ...