Description
Book Synopsis: Understanding Nonprofit and Tax Exempt Organizations is a guide for the law student or practitioner who is looking to understand the law governing the nonprofit, tax exempt sector. This text deals with the many types of tax exempt organizations; the rules, regulations and limitations imposed on tax exempt organizations by the courts, the Internal Revenue Code (IRC) and the Treasury Regulations (Regulations); the charitable contribution and fundraising issues affecting tax exempt organizations; the unrelated business income tax, excise taxes, and intermediate sanctions imposed on tax exempt organizations; and the rules regarding private foundations.
In light of the Tax Cuts and Jobs Act of 2017, this new third edition includes a more detailed chapter on Churches and religious organizations, reflecting recent changes in the law overall for charitable nonprofit organizations and sets out new IRS online filing and reporting requirements put in place during the pandemic.
The third edition of Understanding Nonprofit and Tax Exempt Organizations begins with an introduction to nonprofit organizations by discussing the relevant law in general, as nonprofits are governed by state law. Next, tax exempt organizations are discussed, by first giving the reader the background on where such organizations fit in the nonprofit sector; why the organizations are given preferential tax treatment; what form these organizations take; and how such organizations are governed and dissolved. The third edition also provides detailed explanations of the various rules, regulations and tests organizations must follow in order to obtain or retain their tax exempt status as well as the consequences for failure to comply and looks at the court created commerciality and public policy doctrines.
Details
Are you looking to understand the intricacies of nonprofit and tax exempt organizations? Look no further! The Understanding Nonprofit and Tax Exempt Organizations book is the ultimate guide for law students and practitioners who want to navigate the complex web of laws governing this sector. With comprehensive coverage of the types of tax exempt organizations, the regulations imposed by the courts, IRS, and Treasury, as well as fundraising issues and private foundations, this book has it all.
In its new third edition, this book incorporates the latest updates in the law, including the impact of the Tax Cuts and Jobs Act of 2017. You'll find an expanded chapter on Churches and religious organizations, reflecting recent changes in the law for charitable nonprofits. Additionally, the book covers the IRS online filing and reporting requirements implemented during the pandemic. Stay up to date with the ever-evolving legal landscape and ensure compliance with these crucial updates.
Starting with an introduction to nonprofit organizations and the relevant state laws, this book provides a solid foundation. It then delves into the world of tax exempt organizations, explaining their purpose, tax advantages, forms, and governance. You'll gain a deep understanding of the rules, regulations, and tests required for obtaining and maintaining tax exempt status. Don't risk compliance failures that can have serious consequences – arm yourself with the knowledge found in this essential resource.
Don't miss out on this invaluable tool for understanding the law governing nonprofit and tax exempt organizations. Upgrade your expertise and ensure your success in this sector. Order your copy of Understanding Nonprofit and Tax Exempt Organizations now and stay ahead of the game.
Discover More Best Sellers in Tax Law
Shop Tax Law
Tax Law - Beyond the Grave, Revised and Updated Edition: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others) – Protecting Inheritance from Creditors, IRS, and Risks of Loss
Tax Law - Land-Value Taxation Around the World: Studies in Economic Reform and Social Justice (AJES - Studies in Economic Reform and Social Justice)
Stealing Home - A Con's Guide to Inheritance Theft
Tax Law - Stealing Home - A Con's Guide to Inheritance Theft
Tax Law - Saving the Family Cottage: Creative Ways to Preserve Your Cottage, Cabin, Camp, or Vacation Home for Future Generations
Saving the Ranch: Conservation Easement Design In The American West
Tax Law - Saving the Ranch: Conservation Easement Design In The American West
Tax Law - Cases and Materials on Gratuitous Transfers, Wills, Intestate Succession, Trusts, Gifts, Future Interests, and Estate and Gift Taxation (American Casebook Series)
Exam Pro on Partnership Taxation (Exam Pro Series)
Tax Law - Exam Pro on Partnership Taxation (Exam Pro Series)
Tax Law - While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
Savvy Estate Planning: What You Need to Know Before You Talk to the Right Lawyer
Tax Law - Savvy Estate Planning: What You Need to Know Before You Talk to the Right Lawyer
