An essential guide to navigating the complex maze of tax-exempt rules and regulations

Written by Jody Blazek, a widely-respected authority on successful tax planning and compliance for tax-exempt organizations, Tax Planning and Compliance for Tax-Exempt Organizations, Sixth Edition is exhaustively updated to reflect the recent passage of significant tax code changes, IRS rulings, court decisions, and regulation issued since 2012. From establishing eligibility for tax-exempt status to maintaining that status through compliant tax preparation and disclosure, and appropriate handling of mergers and terminations, this resource covers every step in a tax-exempt organization's life cycle.

Alongside the clear and accessible descriptions that have made this title a classic, the Sixth Edition features:

• An annual supplement to keep subscribers current on changes in IRS policies, court decisions, and related issues
• Easy-to-use checklists highlighting such critical concerns as tax-exempt eligibility, reporting changes to the IRS, evaluating reasonable compensation, and tax compliance
• Comprehensive, line-by-line instructions for completing a variety of exemption applications and tax forms
• Sample documents, including organizational bylaws, letters of application, and Expenditure Responsibility steps and agreements, and completed IRS forms
• Helpful practice aids, such as a comparison chart summarizing the differences between public and private charitable organizations

In addition to providing an understanding of issues pivotal to tax-exempt compliance and documentation of activities, Blazek enables readers to prepare for and survive an IRS examination. This book is an essential addition to the library of anyone who manages or advises tax-exempt organizations, from public charities and governmental entities to private foundations, social clubs, and labor organizations. It is both comprehensive and practical, a unique offering in the tax literature that continues to offer essential guidance to tax and accounting professionals.

A practical guide to handling the challenges facing tax-exempt organizations, written by a leading authority

Tax Planning and Compliance for Tax-Exempt Organizations, Sixth Edition ensures that you have the practical knowledge to handle critical tax situations. This book provides guidance for the significant issues facing nonprofit organizations. It's an essential guide to navigating the complexities of nonprofit tax rules and regulations. Packed with checklists and suggestions starting with Exhibit 1.1, Organizations Reference Chart and Exhibit 1.2, Suitability for Tax-Exempt Status, this guide helps anyone that creates, advises, or manages a nonprofit organization.

Now, you can better understand the requirements for various categories of tax-exempt organizations: public charities, private foundations, civic associations, business leagues, and social clubs, as well as title-holding companies and governmental entities. You'll discover practical guidance on the issue of potentially owing income tax on revenue-producing enterprises. Clear explanations cover the many exceptions to taxability. Tax issues related to internet activity, advertising, publishing, services, and much more are all addressed in this tax planning guide designed specifically for nonprofit and tax-exempt nonprofit organizations.

• Use extensive quick checklists that cover tax-exempt eligibility, reporting to the IRS, and tax compliance
• Find detailed instructions for submitting a variety of exemption applications and tax forms
• See sample documents, such as organizational bylaws, letters of application, and completed IRS forms
• Refer to tools and practice aids, such as a comparison chart summarizing the differences between public and private charitable organizations

Written by one of the leading authorities in the field, the book also delves into recent tax law changes affecting nonprofits and other tax-exempt organizations. This indispensable guide can offer direction and support if you are challenged to successfully navigate the complex maze of nonprofit tax rules and regulations.