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Klappentext Insightful analysis and explanations of private foundation tax law along with hands-on practice tools that make compliance easier Now in its seventh edition, The Tax Law of Private Foundations by Bruce Hopkins and Shane Hamilton serves as the gold-standard reference for navigating the complex regulations governing private foundations. This comprehensive book is regularly updated to incorporate the latest changes in tax law, providing executives and professionals with valuable clarification, expert insights, and practical instruction. With every edition supplemented annually, the book remains current and relevant. It offers a clear and concise summary of the regulations governing private foundations, explaining the logic underpinning the rules. The authors provide a range of helpful tools, including checklists, sample documents, and practice forms, to simplify the filing process and ensure compliance with the latest legislation. Readers will also find: Critical analyses and considerations of existing laws and regulations, avoiding potential confusion arising from future legislation A collection of practical tools that make it simpler to comply with the regulations governing private foundations Expert guidance on obtaining or maintaining your foundation's tax-exempt status An indispensable resource, this latest edition caters to individuals with personal or professional interests in private foundations, offering authoritative guidance and complete explanations in an intricate and sometimes confusing area of the law. Whether navigating the complexities of compliance or seeking deep insights, this book remains the go-to reference for understanding and managing this difficult area of taxation. Inhaltsverzeichnis Preface xi Book Citations xiii 1 Introduction to Private Foundations 1 1.1 Private Foundations: Unique Organizations 1 1.2 Definition of Private Foundation 2 1.4 Private Foundation Law Primer 2 (f) Excess Business Holdings Rules 2 (l) Unrelated Business Rules 2 1.7 Organizational Rules 2 1.8 Private Foundation Law Sanctions 3 (b) Self-Dealing Sanctions as Pigouvian Taxes 3 (c) Self-Dealing Sanctions: Taxes or Penalties? 4 (e) Potential of Overlapping Taxes 5 1.9 Statistical Profile 5 2 Starting, Funding, and Governing a Private Foundation 7 2.3 Choice of Organizational Form 7 2.4 Funding a Foundation 7 2.6 Foundations and Planned Giving 7 (b) Charitable Remainder Trusts 7 (d) Interrelationships with Private Foundation Rules 8 2.7 Acquiring Recognition of Tax-Exempt Status 8 (a) Form 1023 8 (b) 27-Month Rule 9 (c) IRS Determination Letters Recognizing Exempt Status 9 (d) Administrative Procedures When Recognition Denied 9 (e) Declaratory Judgment Procedures When Recognition Denied 10 (f) Recognition of Foreign Organizations 10 3 Types of Private Foundations 11 3.1 Private Operating Foundations 11 (d) Income Test 11 (h) Conversion to or from Private Operating Foundation Status 11 3.2 Exempt Operating Foundations 12 3.3 Conduit Foundations 13 3.6 Nonexempt Charitable Trusts 14 3.7 Split-Interest Trusts 15 3.8 Foreign Private Foundations 16 (a) Gross Investment Income Tax 16 (b) Withholding Tax 17 (c) 85 Percent Support Test 18 (d) Return Filing Obligations 19 (e) Establishing Public Charity Status 19 (f) Loss of Exemption (Prohibited Transactions) 20 4 Disqualified Persons 21 4.5 Corporations or Partnerships 21 4.8 Governmental Officials 21 4.9 Termination of Disqualified Person Status 21 5 Self-Dealing 23 5.4 Sale, Exchange, Lease, or Furnishing of Property 23 (e) Furnishing of Goods, Services, or ...
