Series:

Nonprofit Law, Finance & Management S.

2 total works

Cover of Tax Planning and Compliance for Tax-Exempt Organizations
The essential time-saving guide to the latest in nonprofit tax rules, regulations, and procedures

Tax rules and regulations change annually, and nonprofit organizations know that staying compliant means staying up to date. But wading through tax code is less than helpful in the field, whereas the clear, practically oriented instruction inside provides the quick reference accountants, lawyers, and executives need. In the latest edition of Tax Planning and Compliance for Tax-Exempt Organizations, you'll find straightforward information on changing Unrelated Business Income (UBI) rules, joint ventures, sponsorships, deductions against UBI, preparation of IRS forms, and more.

Nonprofit organizations—including health and welfare organizations, colleges and universities, private foundations, churches, libraries, museums, cultural institutions, and other smaller groups—contend daily with the possibility of losing their tax-exempt status. From qualifying and applying for that status, to maintaining and managing it, every nonprofit organization must plan and monitor ongoing procedures, activities, and forms to comply with federal, state, and local regulations.

  • Access easy checklists for reporting, compliance, eligibility, and more
  • Examine sample bylaws, applications, and forms
  • Utilize comparison charts and other visual aids for easy reference
  • Review bullet lists that compare what is and what is not acceptable

Tax Planning and Compliance for Tax-Exempt Organizations is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations.

Cover of 990 Handbook

990 Handbook

by Jody Blazek

Published 26 April 2001
Hands-on guidance to help nonprofits through the tax filing maze Forms 990 provide a wealth of financial and programmatic information to enable government regulators, funders, journalists, and the interested public to measure a nonprofit's performance. A copy of the forms must be provided to anyone who asks; charities' forms are now posted for public view on the Internet courtesy of Guidestar.org. These forms are the most widely used tools for evaluating tax-exempt organizations. Schools, health and welfare organizations, business leagues, civic associations, museums, parent groups, garden clubs, private foundations, and the myriad of other nonprofit organizations recognized under section 501 of the federal tax code must file this form annually. Clear, correct, and concise preparation of Forms 990-EZ, 990, 990-PF, and 990-T is important, not only as financial documents, but also as a means of communicating an organization's mission and accomplishment to the public. Demystifying the Forms 990 for financial professionals and nonprofessionals alike, this user-friendly handbook walks you through the federal tax compliance process to assure maintenance of tax-exempt status.
Blazek is widely recognized for her ability to translate complicated concepts into understandable language and explain the why and how Forms 990 should be prepared. In this book, readers will find: Comprehensive, fill-in forms with line-by-line instructions including a synopsis of applicable tax issues Explanation of consequences of answers that can have several consequences Suggestions for dealing with the IRS as an organization grows and changes Ways to maximize deductions in calculating tax due on unrelated business income Tips for successful navigation of the interactive parts of Form 990-PF and reducing excise tax