The Law of Tax-Exempt Organizations, 7th Edition

Book Description

Nonprofit organizations face a special set of rules governing everything from how they charter their organization, to their methods of measuring unrelated business income, and how they lobby (and if, in fact, they should continue to be allowed to lobby).

Nonprofit lawyers, accountants, and directors need an easy-to-use reference work in understandable language to help them comprehend the issues and make informed decisions.

This core volume (ISBN 0471-196290) is supplemented annually.

The 2002 Cumulative Supplement (ISBN 0471-443425)includes:

New information on: relief of the poor, constitutional law framework, business leagues, public use of facilities, taxation of social clubs, and the sale of club assets.
New and revised sections on Internet activities, ancillary joint ventures, and state action doctrine.

This supplement updates the core volume, Hopkins/The Law of Tax-Exempt Organizations, 7th Edition (ISBN 0471-196290).

Customer Reviews:

An excellent technical resource.......2001-04-26

The nonprofit sector is a huge part of the American economy. Nonprofits range from multinationals to your local little league. While, technically, the same body of tax laws applies to all of them, the level of sophistication varies as dramatically as the size of the nonprofit. And while the big nonprofits can afford to buy expertise, smaller nonprofits have to manage more of the tasks themselves. This book can help.

Hopkins' book is an excellent reference for attorneys and accounts and nonprofit executives with some knowledge of nonprofit tax laws work. It's not likely to be useful to and it's not written for the average volunteer. This is a fairly technical resource, and while nonprofit tax law gets a lot more complicated than Hopkins, this is a very good middle-level resource.

If I have any criticism of Hopkins it's this: in recent editions he has removed important subjects from this reference and spun them off into separate books at equally high prices. Most of the treatment of charitable donations, for example, is now in a different book. Private foundations are now in a different book. Excess benefits transactions are in a different book. You can spend a ton of money on Professor Hopkins. It costs him one star in my rating.

Even so, as a basic entry point, this book is indispensable. I've attended seminars by Prof. Hopkins and read most his books, and he is very knowledgeable and does a good job at the difficult task of translating IRS-speak into comprehensible language. This book should be a part of every nonprofit lawyer and accountant's library.

Very comprehensive "hornbook.".......1999-08-13

In mid-1999 I read this treatise in conjunction with the author's one day course on the Law of Tax Exempt Organizations. The book is essentially a "hornbook:" a summary of law geared towards lawyers and accountants, rather than the casual reader. It would be especially helpful for lawyers and accountants in outside firms who counsel a variety of different tax exempt organizations and are confronted with questions of how to structure an organization or several related organizations. The material is valuable but no easy slogging, so if you can take the course (which in mid-1999 was approx. $230 and included the book), it would be worth the extra $70 or so.

The single most important treatise on the law of nonprofits.......1998-06-09

US nonprofit boards, officers, senior managers, and funddevelopment professionals have enough to contend with without alsoracing to keep pace with the accelerating changes in the multi-faceted law of tax-exempt organizations.

As with his prior editions, Hopkins has managed to address, within the covers of a single volume well, actually, he added another book to more fully cover private foundations!

This is definitely a must-have book for anyone working for or with US nonprofit organizations, such as board members, officers, senior staff, fund development staff or fund-raising consultants, grantwriters, attorneys and accountants advising tax-exempt organizations, and anyone else requiring a single-volume treatise covering the law of tax-exempt organizations.

Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures (Wiley Nonprofit Law, Finance and Management Series)
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Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures (Wiley Nonprofit Law, Finance and Management Series)
Jody Blazek
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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Tax Planning and Compliance for Tax-Exempt Organizations: 2007 Cumulative Supplement (Tax Planning & Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures Supplemen)

IRS Form 990: Tax Preparation Guide for Nonprofits

The Law of Tax-Exempt Organizations (Law of Tax Exempt Organizations)

ASIN: 0471271772

Book Description

Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, and Procedures, Fourth Edition is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations. Along with clear, concise instructions for filing Forms 990 and other important IRS forms and documents, this practical guide covers the significant issues facing nonprofit organizations, including unrelated business income, private inurement, affiliations, and employment taxes. It also provides practical guidance on obtaining the tax exemption; reporting to boards, auditors, and the IRS; testing ongoing tax compliance; and managing lobbying expenditure.

An essential, timesaving guide for accountants, lawyers, nonprofit executives and directors, consultants, and volunteers, this Fourth Edition offers:

A supplemental, annual update to keep subscribers current on relevant changes in IRS forms, requirements, and related tax procedures.
Easy-to-use checklists highlighting such critical concerns as tax-exempt eligibility, reporting to the IRS, and tax compliance.
A variety of sample documents, including organizational bylaws, letters of application, and completed IRS forms.
Helpful practice aids, such as a comparison chart summarizing the differences between public and private charitable organizations.
Practical tips and suggestions for handling such critical situations as preparing for and surviving an IRS examination.

Download Description

An indispensable guide through the complex maze of nonprofit tax rules and regulations, this book provides clear, concise instructions for filing Form 990s and other important IRS forms and documents. It also provides practical guidance on obtaining the tax exemption; reporting to boards, auditors, and the IRS; testing ongoing tax compliance; and managing lobbying expenditure. The book provides guidance for the significant issues facing nonprofit organizations: unrelated business income, private inurement, affiliations, and employment taxes.

Tax Planning and Compliance of Tax-Exempt Organizations: Rules, Checklists, Procedures, 2006 Cumulative Supplement (Tax Planning & Compliance for Tax-Exempt ... Rules, Checklists, Procedures Supplemen)

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Tax Planning and Compliance of Tax-Exempt Organizations: Rules, Checklists, Procedures, 2006 Cumulative Supplement (Tax Planning & Compliance for Tax-Exempt ... Rules, Checklists, Procedures Supplemen)
Jody Blazek
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

Nonprofit Organizations & Charities | Industries & Professions | Business & Investing | Subjects | Books

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Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures (Wiley Nonprofit Law, Finance and Management Series)
The Law of Tax-Exempt Organizations (Law of Tax Exempt Organizations)

ASIN: 0471728942

Book Description

The 2006 Cumulative Supplement includes the following updates:

Donations of patents and other intellectual property are subject to new limitations. The new limitations and return attachments now required are discussed in Chapter 24.
Revised Form 990 (Return of Organization Exempt from Income Tax) is contained in Appendix 18-D.
State legislatures in Colorado, Kansas, California, and Massachusetts enacted, and rule makers in North Carolina, Texas, New York, and other states considered, proposals to enhance reporting by nonprofit organizations. Many states enacted registration and information reporting about professional fundraisers and solicitors. The filing of financial statements audited by independent accountants may now be required. This provision is implemented at varying levels of annual revenue so that nonprofits and their advisors need to be attentive to such changes.
And much more…

Planning Guide for The Law of Tax-Exempt Organizations : Strategies and Commentaries

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Planning Guide for The Law of Tax-Exempt Organizations : Strategies and Commentaries
Bruce R. Hopkins
Manufacturer: Wiley
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Binding: Hardcover

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The Law of Tax-Exempt Organizations (Law of Tax Exempt Organizations)
Private Foundations: Tax Law and Compliance (Wiley Nonprofit Law, Finance and Management Series)
Nonprofit Law Made Easy
The Legal Answer Book for Private Foundation
Starting and Managing a Nonprofit Organization: A Legal Guide

ASIN: 0471471224

Book Description

Your source for hands-on legal and tax planning tips and guidance

This indispensable companion to the best-selling The Law of Tax-Exempt Organizations, Eighth Edition offers professionals representing and advising tax-exempt organizations a wide variety of practical planning tips, guidance, and information that can help them better serve clients. Written by the leading legal authority in the nonprofit sector, this guide features a digest of recent legislation, court opinions, and IRS public and private rulings. It includes a helpful checklist of forms and an inventory of penalties. Additionally, it features commentaries designed to provide guidance and perspective to exempt professionals and organizations as to how to cope with the development in the law in their practices and the operation of their programs.

Order your copy today!

Download Description

Your source for hands-on legal and tax planning tips and guidance This indispensable companion to the best-selling The Law of Tax-Exempt Organizations, Eighth Edition offers professionals representing and advising tax-exempt organizations a wide variety of practical planning tips, guidance, and information that can help them better serve clients. Written by the leading legal authority in the nonprofit sector, this guide features a digest of recent legislation, court opinions, and IRS public and private rulings. It includes a helpful checklist of forms and an inventory of penalties. Additionally, it features commentaries designed to provide guidance and perspective to exempt professionals and organizations as to how to cope with the development in the law in their practices and the operation of their programs. Order your copy today!

Start Your Own Tax-Exempt Think Tank: Effective Self-Defense Against Corporate and Political Donor Class Tax Predation

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Reveals how existing and planned tax law changes push more of America's total tax burden onto middle income taxpayers
A Response to Economic Predators

Start Your Own Tax-Exempt Think Tank: Effective Self-Defense Against Corporate and Political Donor Class Tax Predation
Jacques Kinau
Manufacturer: Institute for Research
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books

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Idea Brokers: Think Tanks And The Rise Of The New Policy Elite
How to Form a Nonprofit Corporation (book w/ CD-Rom)
The End of Faith: Religion, Terror, and the Future of Reason
The Assault on Reason
The Black Swan: The Impact of the Highly Improbable

ASIN: 0976443708

Book Description

Start your own Tax-Exempt Think Tank is the universal guide to setting up a non-profit corporation and obtaining an IRS exemption. It offers concise, step-by-step instructions for setting up a tax exempt think tank, also known as a "TENT". The guide examines strategies individual taxpayers can use to shelter income streams while performing good works for society.

Customer Reviews:

Reveals how existing and planned tax law changes push more of America's total tax burden onto middle income taxpayers.......2005-07-06

In Start Your Own Tax-Exempt Think Tank, serial entrepreneur and nonprofit think tank expert Jacques Kinau clearly lays out the benefits to be lawfully gained by establishing a "Think Tank" -- an organization that doesn't not have to produce any tangible product, but can nevertheless qualify for (to the lay reader) some astonishing financial benefits with respect to contemporary American tax laws. Kinau reveals how existing and planned tax law changes push more of America's total tax burden onto middle income taxpayers and wage earners, and how extremely profitable corporations dodge tax responsibilities the rest of us must endure through their creation of foundations. An informed and informative "how to" guide, Start Your Own Tax-Exempt Think Tank will enable anyone to establish a Tax Exempt Nonprofit Think Tank which can deliver to ordinary people the huge benefits typically the reserved province of high-rolling corporate executives. By following the instructions and resources provided by Kinau, anyone can incorporate their own tax exempt nonprofit think tank within in their own state in only a few weeks, and secure an IRS tax exemption within three months. If you are tired of being the cash cow for corporate America and their congressional allies, then give a serious reading to Start Your Own Tax-Exempt Think Tank.

A Response to Economic Predators.......2005-03-18

Jacques Kinau is an economic specialist operating from the Institute for Research in Washington. His specialty is tax policy and his latest work, "Start Your Own Tax-Exempt Think Tank" is both an instructive guide as to how the powerful became much more so at the distinct expense of the middle class as well as how to correct these appalling disadvantages through self-help.

Early in the book Kinau provides information on tax refunds received by America's leading corporations in the Institute on Taxation and Economic Policy Report's "Corporate Income Taxes in the 1990s" which furnishes grist to make the blood of middle class taxpayers boil. For instance, in 1998 Pepsico, Pfizer, and MCI WorldCom all received whopping tax refunds to put them in negative territory where the tax collector was concerned.

If you want to talk about specific numbers, Kinau has them. For instance, Lyondell Chemical finished 1998 with a minus 55 percent rate. Texaco and Chevron also received lavish windfalls as the oil giants ended in negative territory at 37.2 and 26.4 percent respectively in the tax rate department.

The message embraced by Kinau is easily summarized in one succinct sentence: "Stop subsidizing wealthy individuals and tax-dodging corporations." Since the Reagan era income wage earners are paying a substantially increased share of the total U.S. tax burden. What we have seen from so-called public officials in Washington is a buddy plan for the wealthy. Leading corporations fund campaigns and their ardent lobbyists on Capitol Hill promptly collect on benefits and services received. This dangerous trend toward socialism for the rich has substantially increased under the Cheney-Bush Administration. As has been noted, George W. Bush is a huge corporation operating under the guise of a single individual.

The author provides a game plan for Americans tired of making up vast differences pocketed in "tax relief" for the nation's leading corporations. Noting that speakers on right wing advocacy group Fox News come from various think tanks in which tax benefits are received by those propagating the "greed is good" syndrome, he advocates that exploited taxpayers develop an effective game plan of their own to combat blatant exploitation for the benefit of the rich.

Kinau recommends that frustrated American taxpayers start their own tax-exempt think tanks. He sees the benefits as twofold, economic reimbursement in the face of financing corporate largesse at a discriminatory level and turning the tables on the propagandists by using the newly created think tanks as platforms espousing tax justice at long last.

The nuts and bolts aspects of how to start such a think tank are covered in meticulous detail in "Start Your Own Tax-Exempt Think Tank" as government forms are reprinted, along with instructions on how to answer questions relating to the start up process.

The message presented in this book is refreshingly straightforward. The Institute for Public Research identifies the problem squarely in one pungent paragraph:

"President Bush's team of economic advisors drawn from top universities, corporations, and conservative policy think tanks are driving down the road toward privatizing Social Security and reforming the tax system. America's middle income taxpayers are scampering for new ways to avoid becoming road kill."

Think of that term, so brief and powerful - "road kill." This is tragically what is happening as the nation's debt gallops toward the perilous $8 trillion mark with no end in sight as corporations reek a harvest and lobbyists gloat while an increasing number of Americans fight to avoid being "road kill" victims of corporate greed running amok.

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Free Ride: The Tax-Exempt Economy
Gilbert M. Gaul , and Neill A. Borowski
Manufacturer: Andrews McMeel Pub
ProductGroup: Book
Binding: Paperback

Public Finance | Economics | Business & Investing | Subjects | Books

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ASIN: 0836280296

The Tax Law of Charities and Other Exempt Organizations: Cases, Materials, Questions and Activities (American Casebook Series)

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The Tax Law of Charities and Other Exempt Organizations: Cases, Materials, Questions and Activities (American Casebook Series)
Steven J. Willis , David A. Brennen , and Beverly I. Moran
Manufacturer: West Group Publishing
ProductGroup: Book
Binding: Hardcover

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Tax Law of Charities and Other Exempt Organizations: Statutory (American Casebook)

ASIN: 0314144072

Book Description

Written by four authors with nearly sixty years of combined experience teaching, and practicing in the area, this text allows for a comprehensive, in-depth study of an important but previously neglected area of tax jurisprudence. Using a modular approach suggested by scholars from around the country, the text is divided into six stand-alone parts that are nevertheless connected by transitional threads. The modular organization allows instructors to tailor the order of presentation to their own pedagogical style without sacrificing the book's substantive detail. Each part is divided into chapters that incorporate concise summaries of relevant law, cases, legislative materials, administrative rulings, questions and planning activities. Part I explores the exempt purpose requirement in five different chapters each devoted to the more common charities - charity in general, religion, education, science, and health care and public interest law. In addition, Part I contains a chapter regarding the exclusivity and commerciality doctrines and a chapter regarding the procedural/organizational requirements for charities. Part II explores restrictions on charitable organizations - private inurement, private benefit, political activity, and lobbying restrictions. Part III is devoted to private foundations and contains three chapters - private foundations, private foundation excise taxes, and avoiding private foundation status. Part IV covers the more frequently encountered non-charitable organizations, including social welfare organizations, labor and agricultural organizations, business leagues, social clubs, and states/state related entities (a large group of federally tax exempt organizations frequently overlooked). Part V tackles the overriding issues pertaining to unrelated business income, modifications to UBTI, controlled subsidiaries, unrelated debt financed income, and the taxation of member dues. Part VI contains two chapters, one exploring the charitable contribution deduction and the other foreign charities and cross-border giving. The text's unique organizational approach allows instructors experienced in the area to delve deeply into whatever particular area most interests them and their students, and instructors with less experience in the area to quickly gain and impart a thorough understanding to their students.

Understanding Nonprofit and Tax Exempt Organizations

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Understanding Nonprofit and Tax Exempt Organizations
Nicholas P. Cafardi
Manufacturer: LexisNexis/Matthew Bender
ProductGroup: Book
Binding: Paperback

General | Taxation | Law | Subjects | Books

Special Events: Proven Strategies for Nonprofit Fundraising

ASIN: 082056088X

Who Needs It?: Tax-Exempt Organizations In Your Neighborhood That Need What You Have To Donate (Denver Metro Edition)

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Terrific Resource
My Grandma died and this book helped us donate stuff
Good stuff for charities

Who Needs It?: Tax-Exempt Organizations In Your Neighborhood That Need What You Have To Donate (Denver Metro Edition)
Nancy E. Friedman , and Steve C. Posner
Manufacturer: Mbd Pub
ProductGroup: Book
Binding: Paperback

General | Personal Finance | Business & Investing | Subjects | Books
ASIN: 0974126144

Product Description

Tax-exempt organizations in your neighborhood that need what you have to donate. This is the Denver Metro edition.

Customer Reviews:

Terrific Resource.......2006-01-15

My son graduated college in May and I was able to find great homes for everything he didn't want for his new apartment. Outgrown clothes, room decorations, even his old sports trophies! And I'm now able to transform his old room into my very own exercise retreat!

My Grandma died and this book helped us donate stuff.......2005-03-10

My grandmother died and mom and I had to deal with all her stuff. A lot of it we couldn't use and didn't want to throw away. WHO NEEDS IT helped us find good homes for grandma's things.

Good stuff for charities.......2005-03-03

My mom bought this book and used it to clean out our house. I gave away a bunch of old clothes and toys. We gave our stuff to different charities that needed it to do good work. My dad was real happy because he saved some money on taxes. We bought two copies and gave one to our church. This is a real good book.

Arthur Andersen Guide to Navigating Intermediate Sanctions: Compliance and Documentation Guidelines for Health Care and Other Tax-Exempt Organizations (Book with Diskette for Windows)

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Valuable for all US Charities and Nonprofits

Arthur Andersen Guide to Navigating Intermediate Sanctions: Compliance and Documentation Guidelines for Health Care and Other Tax-Exempt Organizations (Book with Diskette for Windows)
Diane Cornwell , Anne M. McGeorge , Jeffrey D. Frank , Vincent J. Crowley , Jeff Frank , and Vince Crowley
Manufacturer: Jossey-Bass
ProductGroup: Book
Binding: Ring-bound

Nonprofit Organizations & Charities | Industries & Professions | Business & Investing | Subjects | Books

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Book Description

Written by a stellar team of Arthur Andersen health care and exempt organization tax experts, the Arthur Andersen Guide to Navigating Intermediate Sanctions and companion diskette offer health care and exempt organization executives a vital resource. Containing the information and tools needed to comply with the new IRS intermediate sanctions law and avoid costly financial penalties, the Arthur Andersen Guide to Navigating Intermediate Sanctions includes the critical information necessary for understanding the complexities of the IRS's intermediate sanctions law; step-by-step guidance for creating an effective compliance program; numerous checklists for evaluating areas of potential risk; detailed diagnostic tools for assessing manager liability and determining disqualified persons; and a diskette with a wealth of useful forms that can easily be customized to accommodate unique organizational needs.

Customer Reviews:

Valuable for all US Charities and Nonprofits.......2000-11-04

The recent history associated with the name "Arthur Andersen" might cause one to steer clear of this resource, but that would be a big mistake.

The Internal Revenue Service has made significant changes to regulations affecting nonprofits, shifting responsibility for compliance from the organization itself to the directors, staffs, and major donors as individuals. Most nonprofit board members and executives are only dimly aware of these changes, and fewer still are prepared with the documentation necessary to address issues of conflict of interest, private inurement, and disqualified persons.

One sentence from the book's introduction sums up the need for action: "The most important aspect of this legislation is that it empowers the IRS to impose punishment on individuals who violate the tax code by levying significant excise taxes initially and then more than quadrupling the penalty amount if remedy is not made to the [nonprofit] organization."

The solution, and the purpose of the book, is also summed up in one sentence in the introduction: "The key to protecting these organizations' officers and other interested parties from excise taxes is proper documentation."

The book is 3-ring bound and well-tabbed for easy reference and for copying of template forms and sheets that are included. In addition, the book ships with a companion PC diskette with forms in Microsoft Word 6.0/Word 95 format that should be usable by most current word processing programs.

This book is a valuable resource for nonprofit executives, consultants, attorneys, and others providing organizational development and counseling to nonprofits and charities.

The book does include examples and references to the health care field, but its content is equally applicable to all nonprofits.

The book's Table of Contents is as follows:

1. Overview of the Intermediate Sanctions Law 2. Establishing an Intermediate Sanctions Review Process 3. Disqualified Persons Determination 4. Diagnostic Review for Disqualified Persons 5. Diagnostic Review for Organization Manager Liability 6. Examining Revenue-Sharing Transactions 7. Rebuttable Presumption of Reasonableness

Appendices

-- Intermediate Sanctions Law -- Excerpt from House Ways and Means Committee Report on Taxpayer Bill of Rights 2 -- Intermediate Sanctions Proposed Regulations -- IRS Model Conflicts of Interest Policy

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