Private Foundations: Tax Law and ComplianceJohn Wiley & Sons, 2004 M03 1 - 648 pages Private foundations are a special niche of the nonprofit sector. They are allowed to remain relatively tax-exempt in exchange for supporting charitable activities. There are more than 50,000–and growing–private foundations in the United States holding assets worth more than $230 billion. Private foundations are subject to a unique and complex set of (mostly tax) regulations that govern everything from how much money they give away to their investment policies and procedures. This much needed, annually updated manual explicates a wide range of tax rules and regulations for these foundations and prepares them for the increasing scrutiny of the IRS. Co-authored by a lawyer and tax accountant, the revised and expanded second edition of this highly respected guide includes practical tax compliance suggestions and in-depth legal explanations, line-by-line instructions, sample-filled IRS forms, and complete citations. |
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Contents
Chapter One Introduction to Private Foundations | 1 |
Chapter Two Starting and Funding a Private Foundation | 27 |
Chapter Three Types of Private Foundations | 87 |
Chapter Four Disqualified Persons | 119 |
Chapter Five SelfDealing | 129 |
Chapter Six Mandatory Distributions | 201 |
Chapter Seven Excess Business Holdings | 243 |
Chapter Eight Jeopardizing Investments | 257 |
Chapter Fourteen Charitable Giving Rules | 505 |
Chapter Fifteen Private Foundations and Public Charities | 517 |
Chapter Sixteen DonorAdvised Funds | 575 |
Appendix A Sources of the Law | 591 |
Appendix B Internal Revenue Code Sections | 596 |
Table of Cases | 598 |
Table of IRS Revenue Rulings and Revenue Procedures | 601 |
Table of IRS Private Determinations Cited in Text | 604 |
Chapter Nine Taxable Expenditures | 283 |
Chapter Ten Tax on Investment Income | 355 |
Chapter Eleven Unrelated Business Income | 377 |
Chapter Twelve Tax Compliance and Administrative Issues | 403 |
Chapter Thirteen Termination of Foundation Status | 481 |
Table of Cases Discussed in Bruce R Hopkins Nonprofit Counsel | 608 |
Table of IRS Private Determinations Discussed in Bruce R Hopkins Nonprofit Counsel | 611 |
| 613 | |
| 622 | |
Other editions - View all
Private Foundations: Tax Law and Compliance, 2004 Supplement Bruce R. Hopkins,Jody Blazek No preview available - 2004 |
Common terms and phrases
act of self-dealing activities annual application assets benefit capital gain Chapter charitable organization charitable purposes column Commissioner compensation contributions corporation court dation deduction determination disqualified person distributable amount donor employees entity excess business holdings excise tax exempt function exempt organizations exempt purposes Exhibit expenditure responsibility expenses fair market value federal filed Form foundation manager gift grant grantor income tax individual infra interest intermediate sanctions Internal Revenue Internal Revenue Service investment income IRS ruled loan ment nonprofit organization’s paid payments payout percent porting organization Priv private foun private foundation private foundation’s private letter rulings private operating foundation public charity public or publicly publicly supported charity qualifying distributions reasonable received recipient regulations reported schedule substantial supra note tax-exempt organizations taxable expenditure termination tion transaction transfer treated trust unrelated business income