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

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.