Private foundations: tax law and compliance 2011 cumulative supplement

With more than 50,000 private foundations in the United States and the increasing scrutiny of the IRS, this much-needed, annually updated manual provides you with a wide range of tax rules and regulations for these foundations. Coauthored by a lawyer and tax accountant, the revised and expanded Third Edition includes practical tax compliance suggestions and in-depth legal explanations. Capturing all-new developments in the private foundations arena, this new edition presents you with line-by-line instructions, sample-filled IRS forms, and complete citations INDICE: "Note to the Reader: Sections not in the main bound volume, Private Foundations: Tax Law and Compliance, Third Edition (978-0-470-32242-0), are indicated by ""(New)"" after the title. Material new to or modified in this supplement is indicated by an asterisk (*) in the left margin in the contents and throughout the supplement. List of Exhibits. Preface. Chapter One: Introduction to Private Finance. *o 1.1 Private Foundations: Unique Organizations. Chapter Two: Starting and Funding a Private Foundation. *o 2.5 Acquiring Tax-Exempt Status. o 2.6 Special Requirements for Charitable Organizations. *o 2.7 Whento Report Back to the IRS. Chapter Five: Self-Dealing. *o 5.4 Sale, Exchange,Lease, or Furnishing of Property. o 5.6 Payment of Compensation. *o 5.8 Uses of Income or Assets by Disqualified Persons. o 5.11 Indirect Self-Dealing. Chapter Six: Mandatory Distributions. o 6.3 Measuring Fair Market Value. o 6.4 Distribution Amount. *o 6.5 Qualifying Distributions. Chapter Seven: Excess Business Holdings. *o 7.1 General Rules. o 7.3 Functionally Related Businesses. Chapter Eight: Jeopardizing Investments. o 8.3 Program-Related Investments. o 8.3A Investment Frauds (New). Chapter Nine: Taxable Expenditures. *o 9.3 Grants to Individuals. o 9.6 Expenditure Responsibility. o 9.10 Excise Tax for Taxable Expenditures. Chapter Ten: Tax on Investment Income. *o 10.3 Formula for Taxable Income. o 10.4 Reductions to Gross Investment Income. o 10.5 Foreign Foundations. o 10.7 Legislative Proposal (New). Chapter Eleven: Unrelated BusinessIncome. o 11.3 Rules Specifically Applicable to Private Foundations. o 11.4 Unrelated Debt-Financed Income. *o 11.5 Calculating and Reporting the Tax. Chapter Twelve: Tax Compliance and Administrative Issues. *o 12.1 Successful Preparation of Form 990-PF. *o 12.2 Reports Unique to Private Foundations. *o 12.3 Compliance Issues. Chapter Thirteen: Termination of Foundation Status. *o 13.5Mergers, Split-ups, and Transfers between Foundations. Chapter Fifteen: Private Foundations and Public Charities. o 15.2 Evolution of Law of Private Foundations. o 15.4 Publicly Supported OrganizationsDonative Entities. *o 15.7 Supporting Organizations. o 15.8 Change of Public Charity Category. Chapter Seventeen: Corporate Foundations (New). o 17.1 Corporate Foundation Overview. o 17.2 Reasons for Establishment of Corporate Foundation. o 17.3 Private Inurement Doctrine. o 17.4 Disqualified Persons Rules. o 17.5 Self-Dealing Rules. o 17.6 Other Private Foundations Rules. Chapter Eighteen: Nonprofit Governance and Private Foundations (New). o 18.1 State Law Overview. o 18.2 Board of Directors Basics. o 18.3 Principles of Fiduciary Responsibility. o 18.4 Duties of Directors. o 18.5 Board Composition and Federal Tax Law. o 18.6 Sources of Nonprofit Governance Principles. o 18.7 Relevant Nonprofit Governance Issues. o 18.8 Nonprofit Governance Policies. o 18.9 Role of IRS in Nonprofit Governance. o 18.10 Governance Principles and Private Foundations. Cumulative Table of Cases. Cumulative Table of IRS Revenue Rulings and Revenue Procedures. Cumulative Tableof IRS Private Determinations Cited in Text. Cumulative Table of IRS Private Determinations Discussed in Bruce R. Hopkins' Nonprofit Counsel. Cumulative Table of IRS Private Letter Rulings, Technical Advice Memoranda, and General Counsel Memoranda. Cumulative Index. "

• ISBN: 978-0-470-61086-2
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 232
• Fecha Publicación: 13/10/2010
• Nº Volúmenes: 1
• Idioma: Inglés