Private Foundations (Wiley Nonprofit Law, Finance and Management Series #51): Tax Law and Compliance / Edition 2

Private Foundations (Wiley Nonprofit Law, Finance and Management Series #51): Tax Law and Compliance / Edition 2

by Bruce R. Hopkins, Jody Blazek
     
 

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ISBN-10: 0471444383

ISBN-13: 9780471444381

Pub. Date: 07/25/2003

Publisher: Wiley

Private foundations are a special niche of the nonprofit sector. They are allowed to remain relatively tax-exempt in exchange for supporting charitable activities. There are more than 50,000–and growing–private foundations in the United States holding assets worth more than $230 billion. Private foundations are subject to a unique and complex set of

Overview

Private foundations are a special niche of the nonprofit sector. They are allowed to remain relatively tax-exempt in exchange for supporting charitable activities. There are more than 50,000–and growing–private foundations in the United States holding assets worth more than $230 billion. Private foundations are subject to a unique and complex set of (mostly tax) regulations that govern everything from how much money they give away to their investment policies and procedures. This much needed, annually updated manual explicates a wide range of tax rules and regulations for these foundations and prepares them for the increasing scrutiny of the IRS. Co-authored by a lawyer and tax accountant, the revised and expanded second edition of this highly respected guide includes practical tax compliance suggestions and in-depth legal explanations, line-by-line instructions, sample-filled IRS forms, and complete citations.

Product Details

ISBN-13:
9780471444381
Publisher:
Wiley
Publication date:
07/25/2003
Series:
Wiley Nonprofit Law, Finance and Management Series, #51
Edition description:
Second Edition
Pages:
648
Product dimensions:
7.06(w) x 10.38(h) x 1.32(d)

Table of Contents

Preface.

Chapter One. Introduction to Private Foundations.

Chapter Two. Starting and Funding a Private Foundation.

Chapter Three. Types of Private Foundations.

Chapter Four. Disqualified Persons.

Chapter Five. Self-Dealing.

Chapter Six. Mandatory Distributions.

Chapter Seven. Excess Business Holdings.

Chapter Eight. Jeopardizing Investments.

Chapter Nine. Taxable Expenditures.

Chapter Ten. Tax on Investment Income.

Chapter Eleven. Unrelated Business Income.

Chapter Twelve. Tax Compliance and Administrative Issues.

Chapter Thirteen. Termination of Foundation Status.

Chapter Fourteen. Charitable Giving Rules.

Chapter Fifteen. Private Foundations and Public Charities.

Chapter Sixteen. Donor-Advised Funds.

Appendix A. Sources of the Law.

Appendix B. Internal Revenue Code Sections.

Table of Cases.

Table of IRS Revenue Rulings and Revenue Procedures.

Table of IRS Private Determinations Cited in Text..

Table of IRS Private Determinations Discussed in Bruce R. Hopkins' Nonprofit Counsel.

Table of IRS Private Letter Rulings, Technical Advice Memoranda, and General Counsel Memoranda.

Index.

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