Association Tax Compliance Guide, Second Edition

Understanding and complying with the federal tax laws and regulations applicable to associations can be complex. Even the term 'tax-exempt organization' can be be misleading as most organizations recognized as such are still subject to a variety of taxes. But the author, with contributions from his colleagues at the Venable law firm, makes a complex area of law clear to the non-lawyer.
Expanding on the first edition with new and additional material, this second edition offers practical guidance, examples, and explanations on topics such as:

• Tax-exemption standards and requirements for 501(c)(6) and 501(c)(3) organizations
• Unrelated business income tax
• Royalties, corporate sponsorships, and trade show income
• Lobbying and political activities
• Private inurement and private benefit
• Combinations and alliances among and between nonprofits and for-profits
• Reporting, filing, notice, and disclosure requirements

Association Tax Compliance Guide also provides 10 model documents such as endorsement and corporate sponsorship contracts and independent contractor agreements to aid in your association's tax compliance efforts.