Author Description

This book provides a detailed analysis of the federal tax laws affecting tax-exempt organizations and the tax treatment of donors to such organizations. The following topics are discussed: 1) Introduction to tax-exempt organizations; 2) Distinctions between private foundations and public charities; 3) Organizational and operational considerations; 4) Private inurement, private benefit, and intermediate sanctions; 5) Engaging in a trade or business and income from an unrelated trade or business; 6) Political and legislative activities of public charities; 7) Private foundation excise taxes; 8) Exemption application procedures; 9) Annual returns and disclosure requirements; 10) Charitable contribution deduction requirements and information for donors.