Private Foundations

Tax Law and Compliance

Author: Bruce R. Hopkins,Jody Blazek

Publisher: John Wiley & Sons

ISBN: 111853249X

Category: Business & Economics

Page: 896

View: 2678

Stay updated on the latest tax regulations with this private foundation tax manual Knowledge of tax regulations surrounding private foundations isn't enough if you're an executive of such an organization or a professional supporting a tax-exempt foundation. Annual changes to IRS rules and increased scrutiny by regulators mean it's necessary for you to keep abreast of myriad changes that come into existence each year. From authors Bruce R. Hopkins and Jody Blazek comes the definitive guide for those responsible for guiding the financial and tax filing operations of private foundations. The complexity of tax regulations related to private foundations extends to a level that is out of proportion to the relatively small number of such entities. Nonetheless, recent statutory requirements that apply solely to private foundations can make untangling filing and reporting activities overly burdensome without a developed knowledge of the underlying theory and practice. To navigate this maze of add-on regulations, Hopkins and Blazek provide background knowledge, in-depth explanations of regulatory changes, and real-world examples to bring as much simplicity to the process as possible. Receive guidance from the 2007 Outstanding Nonprofit Lawyer Award recipient Learn about the details of private foundation taxes from leading experts in the field Make use of checklists and sample documents to prepare organizational filings Utilize line-by-line instructions for completing exemption applications and forms For professionals working closely with private foundations, including accountants, lawyers, and foundation executives, Private Foundations: Tax Law and Compliance, 4th Edition is a welcome resource for keeping your clients or your organization on the right track. Brings clarity, real-world examples, and checklists to help professionals deal with the burdensome process of complying with IRS regulations governing private foundations Clarifies the underlying logic behind statutory tax regulations governing private foundations and the practical implications of maintaining compliance Supplemented annually online to keep subscribers up-to-date on relevant changes in IRS forms requirements, and related tax procedures Includes easy-to-use checklists highlighting such critical concerns as tax-exempt eligibility and tax compliance Offers line-by-line instructions for completing a variety of exemption applications and tax forms“/li> Features sample documents, letters of application, completed forms and practice aids summarizing the differences between public and private charitable organizations

The Tax Law of Private Foundations

Author: Bruce R. Hopkins,Jody Blazek

Publisher: John Wiley & Sons

ISBN: 111951259X

Category: Business & Economics

Page: 800

View: 1837

Make sense of the new regulatory requirements with expert clarification and practical tools for compliance Private Foundations: Tax Law and Compliance, 5th Edition provides clarification, expert insight, and helpful instruction for executives and supporting professionals navigating extensive federal tax law requirements. Despite their relatively low numbers, private foundations are subject to complex, burdensome regulations that continue to expand; the recent tax overhaul has compounded this issue, bringing massive changes beyond the usual annual adjustments, and throwing a wrench into the status quo of compliance-as-usual. This book summarizes and clarifies the statutory regulations governing private foundations, offers expert insight into the underlying logic, and provides a host of practical tools that ease the filing process and help ensure compliance with the latest laws. Detailed explanations are bolstered by checklists, sample documents and letters, practice forms, and real-world examples in order to provide both conceptual and practical guidance for maintaining tax-exempt eligibility and tax compliance. By untangling the complex maze of constantly-evolving requirements, this book offers a much-needed resource to those tasked with ensuring compliance amidst regulatory changes year after year. Learn how the recent changes to tax laws affect private foundations and related organizations Understand the practical implications of maintaining compliance Access critical tools that help streamline the filing process Avoid mistakes and oversights with line-by-line instruction This book is updated annually to provide guidance based on the most recent iteration of the law, but this year’s edition is unusually critical; federal law has undergone sweeping changes that will substantially alter filings across the board, and the complex nature of the regulations governing private foundations promises additional confusion as the new laws are applied. Private Foundations: Tax Law and Compliance, 5th Edition provides insight, clarification, and explanation from the nation’s leading authority on tax-exempt organizations to help private foundations maintain compliance amidst the changes.

Planning Guide for the Law of Tax-Exempt Organizations

Strategies and Commentaries

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0471681865

Category: Business & Economics

Page: 456

View: 9087

An indispensable reference tool, offering professionals hands-onlegal and tax planning tips An essential guide for professionals representing and advising tax-exempt organizations, Planning Guide for the Law of Tax-Exempt Organizations offers a wide variety of practical planning tips, guidance, and helpful information for better meeting clients' needs. This essential companion to the bestselling The Law of Tax-Exempt Organizations, Ninth Edition is a valuable, go-to resource for lawyers and accountants, directors and officers of nonprofit organizations, as well as managers and consultants for tax-exempt organizations. Written by the leading legal authority in the nonprofit sector, Planning Guide for the Law of Tax-Exempt Organizations features a digest of recent legislation, court opinions, and IRS public and private rulings, as well as checklists of forms and an inventory of penalties. Additionally, it features commentaries designed to provide guidance and perspective to tax-exempt professionals and organizations as to how to cope with the developments in the law affecting their practices and the operation of their programs.

Nonprofit Law Made Easy

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 1119215420

Category: Business & Economics

Page: 275

View: 6010

The ins and outs of law in the nonprofit sector--made easy! Written by renowned author Bruce R. Hopkins, Nonprofit Law Made Easy is a must-read guide for executives, board members, officers, accountants, fundraisers, and others who handle legal issues that affect the way nonprofit organizations are formed and operated. Nonprofit Law Made Easy presents in-depth discussions on such hot topics as acquiring and maintaining tax-exempt status, reporting requirements, charitable giving, disclosure requirements, unrelated business activities, fundraising, corporate governance principles, and board member liability. It also includes crucial information on avoiding nonprofit law traps and navigating governance and liability issues. Packed with practical tips and hard-to-find, authoritative advice, Nonprofit Law Made Easy demystifies complex legal issues with plain-language explanations of laws and regulations for non-legal professionals.

Tax Planning and Compliance for Tax-Exempt Organizations

Rules, Checklists, Procedures, 2017 Cumulative Supplement

Author: Jody Blazek

Publisher: John Wiley & Sons

ISBN: 1119352126

Category: Business & Economics

Page: 224

View: 2806

The essential time-saving guide to the latest in nonprofit tax rules, regulations, and procedures Tax rules and regulations change annually, and nonprofit organizations know that staying compliant means staying up to date. But wading through tax code is less than helpful in the field, whereas the clear, practically oriented instruction inside provides the quick reference accountants, lawyers, and executives need. In the latest edition of Tax Planning and Compliance for Tax-Exempt Organizations, you'll find straightforward information on changing Unrelated Business Income (UBI) rules, joint ventures, sponsorships, deductions against UBI, preparation of IRS forms, and more. Nonprofit organizations—including health and welfare organizations, colleges and universities, private foundations, churches, libraries, museums, cultural institutions, and other smaller groups—contend daily with the possibility of losing their tax-exempt status. From qualifying and applying for that status, to maintaining and managing it, every nonprofit organization must plan and monitor ongoing procedures, activities, and forms to comply with federal, state, and local regulations. Access easy checklists for reporting, compliance, eligibility, and more Examine sample bylaws, applications, and forms Utilize comparison charts and other visual aids for easy reference Review bullet lists that compare what is and what is not acceptable Tax Planning and Compliance for Tax-Exempt Organizations is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations.

Private Foundation Law Made Easy

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0470414499

Category: Business & Economics

Page: 320

View: 899

Now your foundation can be fully informed about the basic legal requirements affecting private foundations and avoid the perils lurking in nonprofit tax law traps. Private Foundation Law Made Easy clearly shows you how, with information on reaping the charitable and tax advantages of your private foundation. Filled with straightforward guidance, author Bruce Hopkins?a leading authority on the laws regulating private foundations?demystifies this topic for you and your board members with practical legal information in easy-to-understand English.

The Law of Tax-Exempt Organizations

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0470127945

Category: Business & Economics

Page: 896

View: 5965

Written in plain English and supplemented annually, The Law of Tax-Exempt Organizations, Ninth Editioncan help the lawyers and managers of tax-exempt organizations make sure that they are up-to-date on all current regulations pertaining to tax-exempt organizations, and well-prepared to make decisions about their organization s actions and future.

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

Author: Jody Blazek

Publisher: Wiley

ISBN: 111953819X

Category: Business & Economics

Page: 272

View: 2870

An essential, timesaving guide for accountants, lawyers, nonprofit executives and directors, consultants, and volunteers This book is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations. A clear and fully cited description of the requirements for the various categories of tax-exempt entities from public charities, private foundations, civic associations, business leagues, and social clubs to title-holding companies and governmental entities can be found. Practical guidance on potential for income tax on revenue-producing enterprises along with explanations of many exceptions to taxability is provided. Issues raised by Internet activity, advertising, publishing, providing services, and much more are explained. This useful guide covers the many significant issues facing nonprofit organizations, including compensation and possible private inurement, affiliation, separations and mergers, donor disclosures, lobbying and electioneering, and employment taxes. Offers a supplemental, annual update to keep subscribers current on relevant changes in IRS forms, requirements, and related tax procedures Includes easy-to-use checklists highlighting such critical concerns as tax-exempt eligibility, reporting to the IRS, and comprehensive tax compliance issues Features a variety of sample documents for private foundations, including penalty abatement requests and sharing space agreements Provides helpful practice aids, such as a comparison of the differences between public and private charities, charts reflecting lobbying limits for different types of entities, and listings of rulings and cases that illustrate permissible activity for each type of organizations compared to impermissible activity Filled with practical tips and suggestions for handling such critical situations as preparing for and surviving an IRS examination, Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition provides guidance for the significant issues facing nonprofit organizations.

The Tax Law of Charitable Giving

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0471698431

Category: Business & Economics

Page: 816

View: 3317

The Tax Law of Charitable Giving, Third Edition iscompletely revised, revamped, and updated. Written in plainEnglish, it can help lawyers, managers, and development directorsin tax-exempt organizations make sure they are up to date on allcurrent regulations pertaining to charitable gifts, and that theyare well prepared to make decisions about theirorganization’s fund-development program. Written by the country’s leading legal authority ontax-exempt organizations and charitable giving, this Third Editionfeatures coverage of: New rules concerning charitable contributions of used vehiclesand intellectual property New rules addressing the concepts of income and principal New characterization and ordering rules applicable tocharitable remainder trusts Applying the public policy doctrine to the availability of thecharitable deduction The impact of the tax cut legislation on the charitable givingrules The Tax Law of Charitable Giving, Third Edition isa go-to resource for nonprofit lawyers, nonprofit accountants,fundraising professionals, nonprofit executives, directors andmanagers, nonprofit consultants, financial planners, insurancecompanies, and corporate and (big) individual donors.

650 Essential Nonprofit Law Questions Answered

Author: Bruce R. Hopkins

Publisher: Wiley

ISBN: N.A

Category: Business & Economics

Page: 360

View: 1725

Authoritative answers to the most important questions on business, tax, legal, and fundraising practices for nonprofit organizations Written in the inviting style of Bruce Hopkins, the nation's leading legal authority on nonprofit organizations, 650 Essential Nonprofit Law Questions Answered is a must-have guide, developed specifically to help nonprofit managers and advisers harness the latest trends and developments in nonprofit law. Presented in a convenient question-and-answer format, 650 Essential Nonprofit Law Questions Answered offers real-world solutions to the most common challenges facing nonprofit organizations, including: * Intermediate sanctions * Competition and commerciality doctrines * Partnerships and joint ventures * Private foundation rules * Disclosure and distribution rules * Annual report requirements * Planned giving 650 Essential Nonprofit Law Questions Answered is the nonprofit professional's best resource for understanding statutes, regulations, and other laws governing tax-exempt organizations.

The Legal Answer Book for Private Foundations

Author: Bruce R. Hopkins,Jody Blazek

Publisher: Wiley

ISBN: N.A

Category: Business & Economics

Page: 384

View: 2894

A must-have guide that enables managers and trustees of private foundations, as well as their lawyers and accountants, to successfully navigate today's increasingly complex tax laws and reporting requirements Private foundations are the most regulated of nonprofit organizations. Burdened with laws written over thirty years ago, which have become more complex and intricate, private foundations are forced to operate in a harsh legal environment. An operational or reporting mistake, no matter how innocent or inadvertent, can lead to immense tax and other penalties. To reap the charitable, tax, and other economic advantages of private foundations while avoiding the perils lurking in the myriad of tax-law traps, you must be fully informed about the basic legal requirements and the many subtleties and current developments affecting private foundations. Written by two of today's leading authorities on the laws regulating private foundations, The Legal Answer Book for Private Foundations provides this critical information in an efficient and comprehensible fashion. In clear, easy-to-understand language, the authors provide expert guidance on everything from how to set up a private foundation to how assets are invested, how funds are distributed to grantees, and how to avoid self-dealing. You'll find answers to such critical questions as: * What are the legal definitions of private foundation and public charity, and what constitutes a disqualified person? * Just what are the private foundation rules and what are the penalties for violating them? * What assets are involved in the calculations of the mandatory payout requirement? * How are self-dealing rules avoided? * What is an excess business holding? * Do foundations have to file annual returns with the IRS? * What are the alternatives to private foundations? With the increasing opportunities for the establishment of private foundations, The Legal Answer Book for Private Foundations is an invaluable resource that is mandatory reading for anyone contemplating creation of a foundation or managing or advising an existing foundation.

The Tax Law of Unrelated Business for Nonprofit Organizations

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0471774626

Category: Business & Economics

Page: 383

View: 865

The Tax Law of Unrelated Business for Nonprofit Organizations is a comprehensive guide to the tax law of unrelated businesses for tax-exempt organizations, written by the leading expert in the field.

The Law of Tax-Exempt Healthcare Organizations

Author: Thomas K. Hyatt,Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 1118532872

Category: Business & Economics

Page: 1088

View: 2945

A completely revised and expanded one-volume legal resource fortax-exempt healthcare organizations A complete and up-to-date legal resource for tax-exempthealthcare organizations and their advisors, this FourthEdition, equips you with a comprehensive, one-volume source ofdetailed information on federal law covering tax-exempt healthcareorganizations. The Fourth Edition of this practical,down-to-earth book tackles complex legal issues by providing youwith plain-English explanations and the appropriate legal citationsfor further research. Revised with new discussions on healthcare reform, theAffordable Care Act, IRS initiatives, executive compensation,commercial activity by tax-exempt organizations, political campaignactivity, charitable reforms, governance, restrictions onsupporting organizations, intermediate sanctions, and muchmore Provides detailed documentation and citations, includingreferences to regulations, rulings, cases, and tax literature Includes an exhaustive index allowing for quick and easyreference Offers annual supplements to keep readers apprised of thelatest developments affecting tax-exempt healthcareorganizations Written by leading experts in the fields of healthcare andnonprofit law, this comprehensive and vital resource has beencompletely revised and updated to present a clear view ofcomplicated legal and tax issues.

The Nonprofit Manager's Resource Directory

Author: Ronald A. Landskroner

Publisher: John Wiley & Sons

ISBN: 0471273325

Category: Business & Economics

Page: 688

View: 3321

A newly revised and updated edition of the ultimate resource fornonprofit managers If you're a nonprofit manager, you probably spend a good deal ofyour time tracking down hard-to-find answers to complicatedquestions. The Nonprofit Manager's Resource Directory, SecondEdition provides instant answers to all your questions concerningnonprofit-oriented product and service providers, Internet sites,funding sources, publications, support and advocacy groups, andmuch more. If you need help finding volunteers, understanding newlegislation, or writing grant proposals, help has arrived. Thisnew, updated edition features expanded coverage of important issuesand even more answers to all your nonprofit questions. Revised to keep vital information up to the minute, The NonprofitManager's Resource Directory, Second Edition: * Contains more than 2,000 detailed listings of both nonprofit andfor-profit resources, products, and services * Supplies complete details on everything from assistance andsupport groups to software vendors and Internet servers, managementconsultants to list marketers * Provides information on all kinds of free and low-cost productsavailable to nonprofits * Features an entirely new section on international issues * Plus: 10 bonus sections available only on CD-ROM The Nonprofit Manager's Resource Directory, Second Edition has theinformation you need to keep your nonprofit alive and well in thesechallenging times. Topics include: * Accountability and Ethics * Assessment and Evaluation * Financial Management * General Management * Governance * Human Resource Management * Information Technology * International Third Sector * Leadership * Legal Issues * Marketing and Communications * Nonprofit Sector Overview * Organizational Dynamics and Design * Philanthropy * Professional Development * Resource Development * Social Entrepreneurship * Strategic Planning * Volunteerism

The Nonprofits' Guide to Internet Communications Law

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0471434108

Category: Business & Economics

Page: 352

View: 4508

Invaluable guidance on the most important legal issues facing nonprofits today Internet communication is the lifeblood of countless nonprofit organizations, yet there exists no specific law to provide for its regulation. Without solid legal guidance, nonprofits risk not only missing out on the unlimited opportunities that the Internet has to offer, but also jeopardizing their tax-exempt status. The Nonprofits' Guide to Internet Communications Law analyzes and explains the laws applicable to Internet communications by nonprofit organizations. Nonprofit law expert Bruce Hopkins writes that with Congress and government agencies reluctant to create new law, it will ultimately be up to the courts to determine the future of Internet law affecting nonprofit organizations. Extrapolating from the underlying principles of existing law, Hopkins addresses the legal ramifications of Internet business activities, charitable-giving administration, fundraising programs, lobbying, political campaign activities, and more. The Nonprofits' Guide to Internet Communications Law proves an unparalleled resource for this emerging field.

Nonprofit Law for Colleges and Universities

Essential Questions and Answers for Officers, Directors, and Advisors

Author: Bruce R. Hopkins,Virginia C. Gross,Thomas J. Schenkelberg

Publisher: John Wiley & Sons

ISBN: 1118088557

Category: Business & Economics

Page: 648

View: 3675

A hands-on guide to the most pertinent and critical legal issuesfacing those who lead and manage tax-exempt colleges anduniversities Nonprofit Law for Colleges and Universities is a practical,accessible guide to nonprofit law as it is specifically applicableto exempt colleges and universities, and their related entities,such as fundraising foundations, endowment funds, supportingorganizations, for-profit subsidiaries, and limited liabilitycompanies. Topics discussed will include governance, endowment fundsmanagement, the annual reporting requirements, and the unrelatedbusiness rules Written by the country's leading authorities on tax-exemptorganizations Features essential, practical legal information ineasy-to-understand English Presented in question-and-answer format, divided according tomajor topic areas that are of interest to those who lead and managetax-exempt colleges and universities Designed for the management and leadership of colleges anduniversities, as well as others working in the higher educationfield, such as lawyers, accountants, and fundraising/developmentpersonnel, Nonprofit Law for Colleges and Universities allowsreaders to easily search for and find answers to questions, puttingall the information they need right at their fingertips.

Nonprofit Internet Strategies

Best Practices for Marketing, Communications, and Fundraising Success

Author: Ted Hart,James M. Greenfield,Michael Johnston

Publisher: John Wiley & Sons

ISBN: 0471716197

Category: Business & Economics

Page: 360

View: 1327

Nonprofit Internet Strategies offers every charitableorganization the opportunity to analyze their options and selectthe appropriate strategy to integrate traditional marketing,communications, and fundraising practices with their onlineefforts. It is an excellent how-to guide--a practical manual for nonprofitstaff written in non-technical language--prepared by experts in thefield based on real-life experiences and case studies.

The Tax Law of Associations

Author: Bruce R. Hopkins

Publisher: John Wiley & Sons

ISBN: 0470050039

Category: Business & Economics

Page: 384

View: 8076

The Tax Law of Associations summarizes the law concerning acquisition and maintenance of associations' tax exemption. It explores various other bodies of tax law applicable to exempt associations, including the private inurement doctrine, the intermediate sanctions rules, the lobbying rules, and the unrelated business restrictions. Coverage also includes: the political activities rules, including the use of political action committees by associations; associations' use of for-profit subsidiaries; supporting organizations; involvement in partnerships and other joint ventures; as well as charitable giving and fundraising rules.

The Law of Intermediate Sanctions

A Guide for Nonprofits

Author: Bruce R. Hopkins

Publisher: Wiley

ISBN: N.A

Category: Business & Economics

Page: 362

View: 4744

An essential resource on the new law facing nonprofits This comprehensive, easy-to-use guide summarizes, analyzes, and explains the federal tax law on intermediate sanctions. Among other topics, the author addresses: The statute, legislative history, regulations, and court opinions of intermediate sanctions The influence of law concerning private inurement, private benefit, and private foundation self-dealing Real-world examples of intermediate sanctions in practice How nonprofits may seek to avoid excess benefit transactions or adequately document that excess benefit does not occur Nonprofit executives, attorneys, accountants, and members of boards of directors will find The Law of Intermediate Sanctions to be an unparalleled resource on the new measures targeting nonprofit abuse. Order your copy today!