{"product_id":"joint-ventures-involving-tax-exempt-organizations-2024-cumulative-supplement-isbn-9781394251766","title":"Joint Ventures Involving Tax-Exempt Organizations, 2024 Cumulative Supplement","description":"\u003cp\u003e\u003cb\u003eA comprehensive, revised, and expanded guide covering tax-exempt organizations engaging in joint ventures\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eJoint Ventures Involving Tax-Exempt Organizations, Fourth Edition\u003c\/i\u003e examines the liability of, and consequences to, exempt organizations participating in joint ventures with for-profit and other tax-exempt entities. This authoritative guide provides unbridled access to relevant IRC provisions, Treasury regulations, IRS rulings, and pertinent judicial decisions and legislative developments that impact exempt organizations involved in joint ventures.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFeatures in depth analysis of the IRS's requirements for structuring joint ventures to protect a nonprofit's exemption as well as to minimize UBIT\u003c\/li\u003e \u003cli\u003eIncludes sample models, checklists, and numerous citations to Internal Revenue Code sections, Treasury Regulations, case law, and IRS rulings\u003c\/li\u003e \u003cli\u003ePresents models, guidelines, and suggestions for structuring joint ventures and minimizing the risk of audit\u003c\/li\u003e \u003cli\u003eContains detailed coverage of: new Internal Revenue Code requirements impacting charitable hospitals including Section 501(r) and related provisions; university ventures, revised Form 990, with a focus on nonprofits engaged in joint ventures; the IRS's emphasis on good governance practices; international activities by nonprofits; and a comprehensive examination of the New Market Tax Credits and Low Income Housing Tax Credits arena\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten by a noted expert in the field, \u003ci\u003eJoint Ventures Involving Tax-Exempt Organizations, Fourth Edition\u003c\/i\u003e is the most in-depth discussion of this critical topic.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Introduction: Joint Ventures Involving Exempt Organizations 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.4 University Joint Ventures 1\u003c\/p\u003e \u003cp\u003e1.5 Low-Income Housing and New Markets Tax Credit Joint Ventures 1\u003c\/p\u003e \u003cp\u003e1.6 Conservation Joint Ventures 2\u003c\/p\u003e \u003cp\u003e1.8 Rev. Rul. 98-15 and Joint Venture Structure 2\u003c\/p\u003e \u003cp\u003e1.10 Ancillary Joint Ventures: Rev. Rul. 2004-51 2\u003c\/p\u003e \u003cp\u003e1.14 The Exempt Organization as a Lender or Ground Lessor 2\u003c\/p\u003e \u003cp\u003e1.15 Partnership Taxation 3\u003c\/p\u003e \u003cp\u003e1.17 Use of a Subsidiary as a Participant in a Joint Venture 3\u003c\/p\u003e \u003cp\u003e1.22 Limitation on Private Foundations’ Activities That Limit Excess Business Holdings 4\u003c\/p\u003e \u003cp\u003e1.24 Other Developments 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Taxation of Charitable Organizations 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Introduction (Revised) 9\u003c\/p\u003e \u003cp\u003e2.2 Categories of Exempt Organizations (Revised) 15\u003c\/p\u003e \u003cp\u003e2.3 § 501(C)(3) Organizations: Statutory Requirements 20\u003c\/p\u003e \u003cp\u003e2.4 Charitable Organizations: General Requirements 26\u003c\/p\u003e \u003cp\u003e2.5 Categories of Charitable Organizations 27\u003c\/p\u003e \u003cp\u003e2.6 Application for Exemption 31\u003c\/p\u003e \u003cp\u003e2.7 Governance (Revised) 42\u003c\/p\u003e \u003cp\u003e2.8 Form 990: Reporting and Disclosure Requirements (Revised) 50\u003c\/p\u003e \u003cp\u003e2.9 Redesigned Form 990 54\u003c\/p\u003e \u003cp\u003e2.10 The IRS Audit (Revised) 54\u003c\/p\u003e \u003cp\u003e2.11 Charitable Contributions 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Taxation of Partnerships and Joint Ventures 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Scope of Chapter 71\u003c\/p\u003e \u003cp\u003e3.3 Classification as a Partnership 74\u003c\/p\u003e \u003cp\u003e3.4 Alternatives to Partnerships 88\u003c\/p\u003e \u003cp\u003e3.7 Formation of Partnership 88\u003c\/p\u003e \u003cp\u003e3.8 Tax Basis in Partnership Interest 88\u003c\/p\u003e \u003cp\u003e3.9 Partnership Operations 89\u003c\/p\u003e \u003cp\u003e3.10 Partnership Distributions to Partners 90\u003c\/p\u003e \u003cp\u003e3.11 Sale or Other Disposition of Assets or Interests 90\u003c\/p\u003e \u003cp\u003e3.12 Other Tax Issues 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Overview: Joint Ventures Involving Exempt Organizations 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 97\u003c\/p\u003e \u003cp\u003e4.2 Exempt Organization as General Partner: A Historical Perspective (Revised) 98\u003c\/p\u003e \u003cp\u003e4.6 Revenue Ruling 2004-51 and Ancillary Joint Ventures 102\u003c\/p\u003e \u003cp\u003e4.9 Conversions from Exempt to for-Profit and from for-Profit to Exempt Entities 102\u003c\/p\u003e \u003cp\u003e4.10 Analysis of a Virtual Joint Venture 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Private Benefit, Private Inurement, and Excess Benefit Transactions 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 What Are Private Inurement and Private Benefit? 105\u003c\/p\u003e \u003cp\u003e5.2 Transactions in Which Private Benefit or Inurement May Occur 107\u003c\/p\u003e \u003cp\u003e5.3 Profit-Making Activities as Indicia of Nonexempt Purpose 109\u003c\/p\u003e \u003cp\u003e5.4 Intermediate Sanctions 109\u003c\/p\u003e \u003cp\u003e5.7 State Activity with Respect to Insider Transactions 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Engaging in a Joint Venture: The Choices 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 121\u003c\/p\u003e \u003cp\u003e6.2 LLCs (Revised) 122\u003c\/p\u003e \u003cp\u003e6.3 Use of a For-Profit Subsidiary as Participant in a Joint Venture (Revised) 123\u003c\/p\u003e \u003cp\u003e6.4 Supporting Organizations (New) 142\u003c\/p\u003e \u003cp\u003e6.5 Private Foundations and Program-Related Investments 142\u003c\/p\u003e \u003cp\u003e6.6 Nonprofits and Bonds 146\u003c\/p\u003e \u003cp\u003e6.7 Exploring Alternative Structures 149\u003c\/p\u003e \u003cp\u003e6.8 Other Approaches 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Exempt Organizations as Accommodating Parties in Tax Shelter Transactions 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.2 Prevention of Abusive Tax Shelters 167\u003c\/p\u003e \u003cp\u003e7.3 Excise Taxes and Penalties 168\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Unrelated Business Income Tax 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 169\u003c\/p\u003e \u003cp\u003e8.3 General Rule 170\u003c\/p\u003e \u003cp\u003e8.4 Statutory Exceptions to UBIT 171\u003c\/p\u003e \u003cp\u003e8.5 Modifications to UBIT 172\u003c\/p\u003e \u003cp\u003e8.7 Calculation of UBIT (Revised) 172\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Debt-Financed Income 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 189\u003c\/p\u003e \u003cp\u003e9.2 Debt-Financed Property 189\u003c\/p\u003e \u003cp\u003e9.3 The § 514(C)(9) Exception (Revised) 190\u003c\/p\u003e \u003cp\u003e9.6 The Final Regulations 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Limitation on Excess Business Holdings 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 193\u003c\/p\u003e \u003cp\u003e10.2 Excess Business Holdings: General Rules (Revised) 193\u003c\/p\u003e \u003cp\u003e10.3 Tax Imposed 199\u003c\/p\u003e \u003cp\u003e10.4 Exclusions 199\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Impact on Taxable Joint Ventures: Tax-Exempt Entity Leasing Rules 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.3 Internal Revenue Code § 168(h) 205\u003c\/p\u003e \u003cp\u003e11.5 Restrictions on Tax-Exempt Use Property 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Health Care Entities in Joint Ventures 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Overview (Revised) 211\u003c\/p\u003e \u003cp\u003e12.2 Classifications of Joint Ventures 213\u003c\/p\u003e \u003cp\u003e12.3 Tax Analysis 213\u003c\/p\u003e \u003cp\u003e12.4 Other Health Care Industry Issues 216\u003c\/p\u003e \u003cp\u003e12.5 Preserving the 50\/50 Joint Venture 216\u003c\/p\u003e \u003cp\u003e12.9 Government Scrutiny 217\u003c\/p\u003e \u003cp\u003e12.11 The Patient Protection and Affordable Care Act of 2010: 501(r) and Other Statutory Changes Impacting Nonprofit Hospitals 218\u003c\/p\u003e \u003cp\u003e12.12 The Patient Protection and Affordable Care Act of 2010: ACOs and Co-Ops: New Joint Venture Health Care Entities 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Low-Income Housing, New Markets, Rehabilitation, and Other Tax Credit Programs 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.2 Nonprofit-Sponsored LIHTC Project 223\u003c\/p\u003e \u003cp\u003e13.3 Low-Income Housing Tax Credit 224\u003c\/p\u003e \u003cp\u003e13.4 Historic Investment Tax Credit 228\u003c\/p\u003e \u003cp\u003e13.6 New Markets Tax Credits (Revised) 238\u003c\/p\u003e \u003cp\u003e13.10 The Energy Tax Credits 253\u003c\/p\u003e \u003cp\u003e13.11 The Opportunity Zone Funds: New Section 1400Z-1 and Section 1400Z-2 (Revised) 255\u003c\/p\u003e \u003cp\u003e13.12 The Inflation Reduction Act (Revised) 333\u003c\/p\u003e \u003cp\u003eAppendix 13B 341\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Joint Ventures with Universities 357\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Introduction (Revised) 357\u003c\/p\u003e \u003cp\u003e14.3 Colleges and Universities IRS Compliance Initiative 365\u003c\/p\u003e \u003cp\u003e14.5 Faculty Participation in Research Joint Ventures 366\u003c\/p\u003e \u003cp\u003e14.6 Nonresearch Joint Venture Arrangements 369\u003c\/p\u003e \u003cp\u003e14.7 Modes of Participation by Universities in Joint Ventures (Revised) 369\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Business Leagues Engaged in Joint Ventures 385\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Overview 385\u003c\/p\u003e \u003cp\u003e15.2 The Five-Prong Test 386\u003c\/p\u003e \u003cp\u003e15.3 Unrelated Business Income Tax 387\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Conservation Organizations in Joint Ventures 389\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Overview 389\u003c\/p\u003e \u003cp\u003e16.2 Conservation and Environmental Protection as a Charitable or Educational Purpose: Public and Private Benefit 389\u003c\/p\u003e \u003cp\u003e16.3 Conservation Gifts and § 170(H) Contributions (Revised) 390\u003c\/p\u003e \u003cp\u003e16.7 Emerging Issues 419\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: International Joint Ventures 421\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Overview (New) 421\u003c\/p\u003e \u003cp\u003e17.5 General Grantmaking Rules 421\u003c\/p\u003e \u003cp\u003e17.11 Application of Foreign Tax Treaties 424\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Debt Restructuring and Asset Protection Issues 427\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Introduction 427\u003c\/p\u003e \u003cp\u003e19.2 Overview of Bankruptcy 427\u003c\/p\u003e \u003cp\u003e19.3 The Estate and the Automatic Stay 428\u003c\/p\u003e \u003cp\u003e19.4 Case Administration 429\u003c\/p\u003e \u003cp\u003e19.5 Chapter Plan 430\u003c\/p\u003e \u003cp\u003e19.6 Discharge 431\u003c\/p\u003e \u003cp\u003e19.7 Special Issues: Consequences of Debt Reduction 431\u003c\/p\u003e \u003cp\u003eIndex 433\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMICHAEL I. SANDERS\u003c\/b\u003e is the lead partner of Blank Rome's Washington office's tax group with a large practice in the area of exempt organizations involving healthcare and low-income housing, associations and joint ventures between for-profits and nonprofits, as well as structuring New Markets Tax Credit transactions. He is also an adjunct professor at The George Washington University Law School and Georgetown University Law Center. He was recently honored in 2010 by The George Washington University Law School for his 35 years of teaching.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989491794149,"sku":"NP9781394251766","price":150.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394251766.jpg?v=1761784319","url":"https:\/\/k12savings.com\/products\/joint-ventures-involving-tax-exempt-organizations-2024-cumulative-supplement-isbn-9781394251766","provider":"K12savings","version":"1.0","type":"link"}