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Informationen zum Autor Bruce R. Hopkins is the country's leading authority on tax-exempt organizations and is a senior partner with the firm Polsinelli Shalton Flanigan Suelthaus PC. He is also the author of nineteen books, including The Law of Tax-Exempt Organizations , Ninth Edition, Nonprofit Law Made Easy , 650 Essential Nonprofit Law Questions Answered , The Law of Fundraising , Third Edition, Private Foundations: Tax Law and Compliance , Second Edition, The Tax Law of Charitable Giving , Third Edition, The Law of Intermediate Sanctions , and The Law of Tax-Exempt Healthcare Organizations , Second Edition, as well as the newsletter Bruce R. Hopkins' Nonprofit Counsel , all published by Wiley. Klappentext An indispensable reference tool, offering professionals hands-onlegal and tax planning tips An essential guide for professionals representing and advising tax-exempt organizations, Planning Guide for the Law of Tax-Exempt Organizations offers a wide variety of practical planning tips, guidance, and helpful information for better meeting clients' needs. This essential companion to the bestselling The Law of Tax-Exempt Organizations, Ninth Edition is a valuable, go-to resource for lawyers and accountants, directors and officers of nonprofit organizations, as well as managers and consultants for tax-exempt organizations. Written by the leading legal authority in the nonprofit sector, Planning Guide for the Law of Tax-Exempt Organizations features a digest of recent legislation, court opinions, and IRS public and private rulings, as well as checklists of forms and an inventory of penalties. Additionally, it features commentaries designed to provide guidance and perspective to tax-exempt professionals and organizations as to how to cope with the developments in the law affecting their practices and the operation of their programs. Zusammenfassung Suitable for professionals representing and advising tax exempt organizations! this guide offers a variety of planning tips! guidance! and helpful information for meeting clients needs. It features a digest of recent legislation! court opinions! and IRS public and private rulings! as well as checklists of forms and an inventory of penalties. Inhaltsverzeichnis Chapter 1 Form of Organization and Governance Principles 1 Basic Decision: Nonprofit or For-Profit 1 Location 2 Form of Organization 4 Name 8 Governing Board 9 Officers 14 Key Employees 17 Management Companies 17 Minutes 17 Other Documents 19 Corporate Governance Principles 20 Board Member Responsibilities and Duties 21 Protections against Personal Liability 24 Minimizing Board Member Liability 25 Watchdog Agencies 29 Chapter 2 Acquisition and Maintenance of Tax-Exempt Status 37 Nonprofit Organizations 37 Concept of Tax Exemption 37 Eligibility for Tax-Exempt Status 38 Categories of Tax-Exempt Organizations 38 Determining Appropriate Category of Tax Exemption 39 Concept of Recognition of Tax Exemption 41 Applying for Recognition of Tax Exemption 41 Legal Aspects of Form 1023 42 Bizarre Positions Taken by the IRS 48 Legal Aspects of Form 1024 50 Preparation of Applications 52 Reliance on Determination 53 Maintenance of Exempt Status 53 Material Changes 53 Changes in Form 54 Group Exemption 54 Chapter 3 Private Benefit 59 Overview of Private Benefit Law 59 Actions by Exempt Organizations 63 Issues, Strategies, and Commentaries 65 Conclusions (Reiterations) 78 Chapter 4 Public Charity and Private Foundation Classification 83 Law Basics 83 Glossary 84 Qualifying for and M...
