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Private Foundations Tax Law and Compliance 2012

ISBN-10: 1118037472

ISBN-13: 9781118037478

Edition: 3rd 2012

Authors: Ew Said, Jody Blazek, Bruce R. Hopkins

List price: $65.00
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Description:

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.
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Book details

List price: $65.00
Edition: 3rd
Copyright year: 2012
Publisher: John Wiley & Sons, Limited
Publication date: 10/13/2011
Binding: Paperback
Pages: 256
Size: 6.75" wide x 9.75" long x 0.50" tall
Weight: 0.990
Language: English

List of Exhibits
Book Citations
Preface
Introduction to Private Finance
Private Foundations: Unique Organizations
History and Background
Private Foundation Sanctions
Starting and Funding a Private Foundation
Acquiring Tax-Exempt Status
Special Requirements for Charitable Organizations
When to Report Back to the IRS
Disqualified Persons
Self-Dealing
Private Benefit Doctrine
Sale, Exchange, Lease, or Furnishing of Property
Loans and Other Extensions of Credit
Payment of Compensation
Uses of Income or Assets by Disqualified Persons
Indirect Self-Dealing
Property Held by Fiduciaries
Mandatory Distributions
Measuring Fair Market Value
Distribution Amount
Qualifying Distributions
Satisfying the Distribution Test
Excess Business Holdings
General Rules
Functionally Related Businesses
Jeopardizing Investments
Program-Related Investments
A Investment Frauds (New)
Taxable Expenditures
Grants to Individuals
Grants to Public Charities
Expenditure Responsibility
Excise Tax for Taxable Expenditures
Tax on Investment Income
Formula for Taxable Income
Reductions to Gross Investment Income
Foreign Foundations
Legislative Proposal (New)
Unrelated Business Income
Rules Specifically Applicable to Private Foundations
Unrelated Debt-Financed Income
Calculating and Reporting the Tax
Tax Compliance and Administrative Issues
Successful Preparation of Form 990-PF
Reports Unique to Private Foundations
Compliance Issues
Termination of Foundation Status
Mergers, Split-ups, and Transfers between Foundations
Private Foundations and Public Charities
Evolution of Law of Private Foundations
Publicly Supported Organizations-Donative Entities
Supporting Organizations
Change of Public Charity Category
Corporate Foundations (New)
Corporate Foundation Overview
Reasons for Establishment of Corporate Foundation
Private Inurement Doctrine
Disqualified Persons Rules
Self-Dealing Rules
Other Private Foundations Rules
Nonprofit Governance and Private Foundations (New)
State Law Overview
Board of Directors Basics
Principles of Fiduciary Responsibility
Duties of Directors
Board Composition and Federal Tax Law
Sources of Nonprofit Governance Principles
Relevant Nonprofit Governance Issues
Nonprofit Governance Policies
Role of IRS in Nonprofit Governance
Governance Principles and Private Foundations
*Appendix A: Sources of the Law
Cumulative Table of Cases
Cumulative Table of IRS Revenue Rulings and Revenue Procedures
Cumulative Table of 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