{"product_id":"tax-planning-and-compliance-for-tax-exempt-organizations-isbn-9781394317110","title":"Tax Planning and Compliance for Tax-Exempt Organizations","description":"\u003cp\u003e\u003cb\u003eA hands-on roadmap to navigating the complicated maze of tax-exempt rules and regulations\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn the newly revised seventh edition of \u003ci\u003eTax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures,\u003c\/i\u003e a team of celebrated tax and nonprofit specialists delivers a critical update to their widely read and authoritative series on nonprofit organization taxation. It's an essential guide to making sense of the complexities of nonprofit tax rules and regulations. \u003c\/p\u003e\u003cp\u003ePacked with checklists and suggestions, this book tells you exactly how to understand—and comply with—the complicated maze of tax-exempt organization rules and regulations administered by the Internal Revenue Service. \u003c\/p\u003e\u003cp\u003eIn the book, you'll find: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExtensive, quick-use checklists for determining tax-exempt eligibility, reporting to the IRS, and tax compliance\u003c\/li\u003e \u003cli\u003eDetailed instructions for submitting exemption applications and tax forms \u003c\/li\u003e\n\u003cli\u003eSample documents, including organizational bylaws, letters of application, and completed IRS forms\u003c\/li\u003e \u003cli\u003eTools and practice aids, like a comparison chart explaining the differences between public and private charities\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten by two of the leading authorities in a rapidly evolving field, \u003ci\u003eTax Planning and Compliance for Tax-Exempt Organizations\u003c\/i\u003e dives deep into the most recent changes to the tax code, new case law and IRS rulings, and regulations promulgated since 2020. It's perfect for tax and accounting professionals everywhere. \u003c\/p\u003e\u003cp\u003eIntroduction: An Indispensable Roadmap for the Complex Maze of Tax-Exempt Rules and Regulations xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Distinguishing Characteristics of Tax-Exempt Organizations 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Differences between Exempt and Nonexempt Organizations 8\u003c\/p\u003e \u003cp\u003e1.2 Nomenclature 10\u003c\/p\u003e \u003cp\u003e1.3 Control 11\u003c\/p\u003e \u003cp\u003e1.4 Role of the Internal Revenue Service 12\u003c\/p\u003e \u003cp\u003e1.5 Suitability as an Exempt Organization 12\u003c\/p\u003e \u003cp\u003e1.6 Start-Up Costs, Governance, Tax, and Financial Considerations 15\u003c\/p\u003e \u003cp\u003e1.7 Choosing a Form for the New Exempt Organization 18\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Qualifying Under IRC §501(c)(3) 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Organizational Test 25\u003c\/p\u003e \u003cp\u003e2.2 Operational Test 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Public Charities 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Distinctions Between Public and Private Charities 58\u003c\/p\u003e \u003cp\u003e3.2 “Inherently Public Activity” and Broad Public Support: §509(a)(1) 59\u003c\/p\u003e \u003cp\u003e3.3 Community Foundations 72\u003c\/p\u003e \u003cp\u003e3.4 Service-Providing Organizations: §509(a)(2) 81\u003c\/p\u003e \u003cp\u003e3.5 Difference Between §509(a)(1) and §509(a)(2) 83\u003c\/p\u003e \u003cp\u003e3.6 Supporting Organizations: §509(a)(3) 91\u003c\/p\u003e \u003cp\u003e3.7 Testing for Public Safety: §509(a)(4) 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Religious Organizations 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Characteristics of Religious Organizations 108\u003c\/p\u003e \u003cp\u003e4.2 Churches 112\u003c\/p\u003e \u003cp\u003e4.3 Religious Orders 125\u003c\/p\u003e \u003cp\u003e4.4 Religious and Apostolic Associations 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Charitable Organizations 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Relief of the Poor 131\u003c\/p\u003e \u003cp\u003e5.2 Promotion of Social Welfare 136\u003c\/p\u003e \u003cp\u003e5.3 Lessening the Burdens of Government 146\u003c\/p\u003e \u003cp\u003e5.4 Advancement of Religion 149\u003c\/p\u003e \u003cp\u003e5.5 Advancement of Education and Science 149\u003c\/p\u003e \u003cp\u003e5.6 Promotion of Health 150\u003c\/p\u003e \u003cp\u003e5.7 Cooperative Hospital Service Organizations 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Other Charitable Organizations Qualifying Under IRC §501(c)(3) Charitable Purposes 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Educational Purposes 172\u003c\/p\u003e \u003cp\u003e6.2 Literary Purposes 186\u003c\/p\u003e \u003cp\u003e6.3 Scientific Purposes 187\u003c\/p\u003e \u003cp\u003e6.4 Testing for Public Safety 191\u003c\/p\u003e \u003cp\u003e6.5 Fostering National or International Amateur Sports Competition (But Only If No Part of Its Activities Involves the Provision of Athletic Facilities or Equipment) 192\u003c\/p\u003e \u003cp\u003e6.6 Prevention of Cruelty to Children or Animals 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Civic Leagues, Other Nonprofits, and Social Welfare Organizations Exempt Under IRC §501(c)(4) 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Comparison of (c)(3) and (c)(4) Organizations 197\u003c\/p\u003e \u003cp\u003e7.2 Qualifying and Nonqualifying Civic Organizations 204\u003c\/p\u003e \u003cp\u003e7.3 Local Associations of Employees 211\u003c\/p\u003e \u003cp\u003e7.4 Neighborhood and Homeowner’s Associations 212\u003c\/p\u003e \u003cp\u003e7.5 Disclosures of Nondeductibility 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Governmental Units, Component-Created Entities, and Title-Holding Corporations 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Governmental Units 225\u003c\/p\u003e \u003cp\u003e8.2 Political Subdivisions 228\u003c\/p\u003e \u003cp\u003e8.3 Integral Parts 229\u003c\/p\u003e \u003cp\u003e8.4 Eligibility for Obtaining and Benefits\/Detriments of Holding IRC §501(c)(3) Tax-Exempt Status 231\u003c\/p\u003e \u003cp\u003e8.5 Instrumentalities 233\u003c\/p\u003e \u003cp\u003e8.6 Affiliates 237\u003c\/p\u003e \u003cp\u003e8.7 IRC §501(c)(2) Title-Holding Corporations 238\u003c\/p\u003e \u003cp\u003e8.8 IRC §501(c)(25) Title-Holding Corporations 243\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Private Inurement and Intermediate Sanctions 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Defining Inurement 248\u003c\/p\u003e \u003cp\u003e9.2 Salaries and Other Compensation 250\u003c\/p\u003e \u003cp\u003e9.3 Setting Salary 253\u003c\/p\u003e \u003cp\u003e9.4 Housing and Meals 255\u003c\/p\u003e \u003cp\u003e9.5 Purchase, Lease, or Sale of Property or Services 256\u003c\/p\u003e \u003cp\u003e9.6 Loans and Guarantees 258\u003c\/p\u003e \u003cp\u003e9.7 For-Profit to Nonprofit and Vice Versa 258\u003c\/p\u003e \u003cp\u003e9.8 Services Rendered for Individuals 259\u003c\/p\u003e \u003cp\u003e9.9 Joint Ventures 261\u003c\/p\u003e \u003cp\u003e9.10 Intermediate Sanctions 262\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Private Foundations—General Concepts 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Why Private Foundations Are Special 277\u003c\/p\u003e \u003cp\u003e10.2 Special Rules Pertaining to Private Foundations 279\u003c\/p\u003e \u003cp\u003e10.3 Application of Taxes to Certain Nonexempt Trusts 291\u003c\/p\u003e \u003cp\u003e10.4 Termination of Private Foundation Status 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Excise Tax Based on Investment Income: IRC §4940 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Formula for Taxable Income 318\u003c\/p\u003e \u003cp\u003e11.2 Net Capital Gains 327\u003c\/p\u003e \u003cp\u003e11.3 Deductions from Gross Investment Income 333\u003c\/p\u003e \u003cp\u003e11.4 Tax-Planning Considerations 338\u003c\/p\u003e \u003cp\u003e11.5 Foreign Foundations 341\u003c\/p\u003e \u003cp\u003e11.6 Timely Payment of Excise Tax 343\u003c\/p\u003e \u003cp\u003e11.7 Tax on Private Colleges and Universities 344\u003c\/p\u003e \u003cp\u003e11.8 Exempt Operating Foundations 345\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Self-Dealing: IRC §4941 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Definition of Self-Dealing 348\u003c\/p\u003e \u003cp\u003e12.2 Sale, Exchange, or Lease of Property 352\u003c\/p\u003e \u003cp\u003e12.3 Loans 362\u003c\/p\u003e \u003cp\u003e12.4 Compensation 365\u003c\/p\u003e \u003cp\u003e12.5 Transactions That Benefit Disqualified Persons 372\u003c\/p\u003e \u003cp\u003e12.6 Payments to Government Officials 380\u003c\/p\u003e \u003cp\u003e12.7 Sharing Space, People, and Expenses 381\u003c\/p\u003e \u003cp\u003e12.8 Indirect Self-Dealing 384\u003c\/p\u003e \u003cp\u003e12.9 Property Held by Fiduciaries 385\u003c\/p\u003e \u003cp\u003e12.10 Issues Once Self-Dealing Occurs 389\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Minimum Distribution Requirements: IRC §4942 395\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Assets Used to Calculate Minimum Investment Return 397\u003c\/p\u003e \u003cp\u003e13.2 Measuring Fair Market Value 404\u003c\/p\u003e \u003cp\u003e13.3 Distributable Amount 410\u003c\/p\u003e \u003cp\u003e13.4 Qualifying Distributions 412\u003c\/p\u003e \u003cp\u003e13.5 Private Operating Foundations 433\u003c\/p\u003e \u003cp\u003e13.6 Satisfying the Distribution Test 443\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Excess Business Holdings and Jeopardizing Investments: IRC §§4943 and 4944 451\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Excess Business Holdings 451\u003c\/p\u003e \u003cp\u003e14.2 Jeopardizing Investments 462\u003c\/p\u003e \u003cp\u003e14.3 Program-Related Investments 467\u003c\/p\u003e \u003cp\u003e14.4 Penalty Taxes 473\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Taxable Expenditures: IRC §4945 479\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Lobbying 481\u003c\/p\u003e \u003cp\u003e15.2 Voter Registration Drives 486\u003c\/p\u003e \u003cp\u003e15.3 Grants to Individuals 486\u003c\/p\u003e \u003cp\u003e15.4 Grants to Public Charities 498\u003c\/p\u003e \u003cp\u003e15.5 Grants to Foreign Organizations 509\u003c\/p\u003e \u003cp\u003e15.6 Expenditure Responsibility Grants 512\u003c\/p\u003e \u003cp\u003e15.7 Noncharitable Expenditures 525\u003c\/p\u003e \u003cp\u003e15.8 Excise Taxes Payable 526\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 IRS Filings, Procedures, and Policies 529\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 IRS Tax Exempt and Government Entities Division 530\u003c\/p\u003e \u003cp\u003e16.2 IRS Determination Process 534\u003c\/p\u003e \u003cp\u003e16.3 Annual Filing of Forms 990 545\u003c\/p\u003e \u003cp\u003e16.4 Reporting Organizational Changes to the IRS 555\u003c\/p\u003e \u003cp\u003e16.5 Weathering an IRS Examination 559\u003c\/p\u003e \u003cp\u003e16.6 When an Organization Loses Its Tax-Exempt Status 566\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Unrelated Business Income 567\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 IRS Scrutiny of Unrelated Business Income 572\u003c\/p\u003e \u003cp\u003e17.2 History of the Unrelated Business Income Tax 572\u003c\/p\u003e \u003cp\u003e17.3 Consequences of Receiving UBI 573\u003c\/p\u003e \u003cp\u003e17.4 Definition of Trade or Business 575\u003c\/p\u003e \u003cp\u003e17.5 What Is Unrelated Business Income? 579\u003c\/p\u003e \u003cp\u003e17.6 “Regularly Carried On” 580\u003c\/p\u003e \u003cp\u003e17.7 “Substantially Related” 582\u003c\/p\u003e \u003cp\u003e17.8 Unrelated Activities 587\u003c\/p\u003e \u003cp\u003e17.9 The Exceptions 609\u003c\/p\u003e \u003cp\u003e17.10 Income Modifications 616\u003c\/p\u003e \u003cp\u003e17.11 Calculating and Minimizing Taxable Income 627\u003c\/p\u003e \u003cp\u003e17.12 Debt-Financed Property 635\u003c\/p\u003e \u003cp\u003e17.13 Museums 642\u003c\/p\u003e \u003cp\u003e17.14 Travel Tours 644\u003c\/p\u003e \u003cp\u003e17.15 Publishing 645\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Relationships with Other Organizations and Businesses 649\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Creation of a (c)(3) by a (c)(4), (5), or (6) 650\u003c\/p\u003e \u003cp\u003e18.2 Alliances with Investors 655\u003c\/p\u003e \u003cp\u003e18.3 Corporate Subsidiary 660\u003c\/p\u003e \u003cp\u003e18.4 Active Business Relationships 665\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Electioneering and Lobbying 669\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Election Campaign Involvement 670\u003c\/p\u003e \u003cp\u003e19.2 Voter Education vs. Candidate Promotion 676\u003c\/p\u003e \u003cp\u003e19.3 Tax on Political Expenditures 681\u003c\/p\u003e \u003cp\u003e19.4 Lobbying Activity of §501(c)(3) Organizations 691\u003c\/p\u003e \u003cp\u003e19.5 Permissible Amounts of Lobbying 697\u003c\/p\u003e \u003cp\u003e19.6 Lobbying Limits for §501(c)(4), (5), (6), and Other Exempt Organizations 701\u003c\/p\u003e \u003cp\u003e19.7 Advocacy and Nonpartisan Analysis 702\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Mergers, Reorganizations, and Terminations 705\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Mergers and Other Combinations 705\u003c\/p\u003e \u003cp\u003e20.2 Reorganizations 711\u003c\/p\u003e \u003cp\u003e20.3 Terminations 714\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Deductibility and Disclosures 717\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Overview of Deductibility 718\u003c\/p\u003e \u003cp\u003e21.2 The Substantiation and Quid Pro Quo Rules 731\u003c\/p\u003e \u003cp\u003e21.3 Valuing Donor Benefits 742\u003c\/p\u003e \u003cp\u003e21.4 Unrelated Business Income Aspects of Fund-Raising 746\u003cbr\u003e\u003cbr\u003e Appendix 1: Labor, Agricultural, and Horticultural Organizations: §501(c)(5) 749\u003cbr\u003e\u003cbr\u003e Appendix 2: Business Leagues: §501(c)(6) 761\u003cbr\u003e\u003cbr\u003e Appendix 3: Social Clubs: §501(c)(7) 781\u003cbr\u003e\u003cbr\u003e Appendix 4: Guides for Maintaining Exempt Status 799\u003cbr\u003e\u003cbr\u003e Appendix 5: Brief Description of Tax Sanctions Applicable to Private Foundations 833\u003cbr\u003e\u003cbr\u003e List of Exhibits 837\u003cbr\u003e\u003cbr\u003e About the Authors 839\u003cbr\u003e\u003cbr\u003e Index 841\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJODY BLAZEK\u003c\/b\u003e was a founder and partner in Blazek \u0026amp; Vetterling, a Houston-based CPA firm focused on tax, auditing, and financial planning for exempt organizations and the people who create, fund, and work with them. She is the author of six books in the Wiley Nonprofit Series, including \u003ci\u003eFinancial Planning for Nonprofit Organizations Made Easy\u003c\/i\u003e and \u003ci\u003eThe Tax Law of Private Foundations, Sixth Edition\u003c\/i\u003e. She is a frequent speaker at nonprofit symposia. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJANE M. SEARING\u003c\/b\u003e is a managing director in Deloitte Tax’s Private Wealth practice, and the Global Center for Excellence in Philanthropy. She specializes in tax-exempt organizations, specifically private foundations, and philanthropic planning, and focuses on helping family offices and ultra–high–net-worth individuals execute their philanthropic vision. Searing is a frequent speaker and writer, a certified public accountant in Washington, Hawaii, and Colorado, and a member of the American Institute of Certified Public Accountants.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn indispensable roadmap for the complex maze of tax-exempt rules and regulations\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eTax Planning and Compliance for Tax-Exempt Organizations: Rules, Guides, Procedures, Seventh Edition\u003c\/i\u003e, by Jody Blazek and Jane M. Searing, is a comprehensive and authoritative update to the widely read gold standard in nonprofit organization tax planning. It’s been exhaustively updated to include the latest changes to the tax code, new IRS rulings, court decisions, and regulations issued since 2020. \u003c\/p\u003e\u003cp\u003eYou’ll learn how to establish eligibility for tax-exempt status and maintain that status through compliant tax preparation and disclosure. You’ll also discover how to properly handle mergers and terminations. This resource covers every step of a tax-exempt organization’s lifecycle. \u003c\/p\u003e\u003cp\u003eThis book includes access to an annual supplement to keep subscribers current on changes in IRS policies, court decisions, and related issues, as well as easy-to-use guides that highlight critical concerns, like tax-exempt eligibility, reporting changes to the IRS, reasonable compensation evaluations, and tax compliance. \u003c\/p\u003e\u003cp\u003eAn essential inclusion in the libraries of everyone who manages or advises tax-exempt organizations, \u003ci\u003eTax Planning and Compliance for Tax-Exempt Organizations\u003c\/i\u003e is an indispensable guide for tax and accounting professionals. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eWe would like to thank the following members of Deloitte Tax, Global Center for Excellence in Philanthropy team and the Washington National Tax practice for their indispensable contributions in researching, editing, and updating this Seventh Edition.\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eJocelyne Miller, Jessica Karantonis, Rebekah Stanley, Mike Schlect, Jeff Frank, Maria De Ramos, Kristina Rasmussen, Amber Hopp, Sarah Redden, Stegin O’Neill, Emily Samuels, Morgan Wright, Eduard Braila, Adam Saleh, Stephanie Prieto, Alan Nguye, Cherry Zhang, Rachel Wood, and Rafe Hauser. We could not have done it without you!\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990133293285,"sku":"NP9781394317110","price":300.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394317110.jpg?v=1761786630","url":"https:\/\/k12savings.com\/products\/tax-planning-and-compliance-for-tax-exempt-organizations-isbn-9781394317110","provider":"K12savings","version":"1.0","type":"link"}