Description
Preface Part I QUALIFICATIONS OF TAX-EXEMPT ORGANIZATIONS Chapter 1 Distinguishing Characteristics of Tax-Exempt Organizations 1.4 Role of the Internal Revenue Service 1.8 Developments Responding to COVID-19 Chapter 2 Qualifying Under IRC 501(c)(3) 2.2 Operational Test Chapter 3 Religious Organizations 3.2 Churches Chapter 4 Charitable Organizations 4.1 Relief of the Poor 4.3 Lessening the Burdens of Government 4.5 Advancement of Education and Science 4.6 Promotion of Health Chapter 5 Educational, Scientific, and Literary Purposes and Prevention of Cruelty to Children and Animals 5.1 Educational Purposes Chapter 6 Civic Leagues and Local Associations of Employees: 501(c)(4) 6.2 Qualifying and Nonqualifying Civic Organizations Chapter 9 Social Clubs: 501(c)(7) 9.1 Organizational Requirements and Characteristics 9.4 Revenue Tests Chapter 10 Instrumentalities of Government and Title-Holding Corporations 10.6 Requirements for IRC 501(c)(8) and (c)(10) Chapter 11 Public Charities 11.2 “Inherently Public Activity” and Broad Public Support: 509(a)(1) 11.5 Difference Between 509(a)(1) and 509(a)(2) 11.9 Supporting Organization: 509(a)(3) Part II STANDARDS FOR PRIVATE FOUNDATIONS Chapter 12 Private Foundations–General Concepts 12.4 Termination of Private Foundation Status Chapter 13 Excise Tax Based on Investment Income: IRC 4940 13.2 Capital Gains Chapter 14 Self-Dealing: IRC 4941 14.2 Sale, Exchange, or Lease of Property 14.5 Transactions That Benefit Disqualified Persons Chapter 15 Minimum Distribution Requirements: IRC 4942 15.1 Assets Used to Calculate Minimum Investment Return 15.2 Measuring Fair Market Value 15.4 Qualifying Distributions Chapter 16 Excess Business Holdings and Jeopardizing Investments: IRC 4943 and 4944 16.1 Excess Business Holdings 16.2 Jeopardizing Investments Chapter 17 Taxable Expenditures: IRC 4945 17.3 Grants to Individuals 17.4 Grants to Public Charities Part III OBTAINING AND MAINTAINING TAX-EXEMPT STATUS Chapter 18 IRS Filings, Procedures, and Policies 18.1 IRS Determination Process 18.2 Annual Filing of Form 990 18.3 Reporting Organizational Changes to the IRS 18.4 Weathering an IRS Examination Chapter 19 Maintaining Exempt Status 19.1 Checklists Chapter 20 Private Inurement and Intermediate Sanctions 20.2 Salaries and Other Compensation 20.10 Intermediate Sanctions 20.11 New 4960 Excise Tax on Excess Compensation Chapter 21 Unrelated Business Income 21.4 Definition of Trade or Business 21.8 Unrelated Activities 21.10 Income Modifications 21.11 Calculating and Minimizing Taxable Income Chapter 23 Electioneering and Lobbying 23.3 Tax on Political Expenditures Chapter 24 Deductibility and Disclosures 24.1 Overview of Deductibility 24.2 The Substantiation and Quid Pro Quo Rules 24.3 Valuing Donor Benefits Chapter 25 Employment Taxes 25.1 Distinctions Between Employees and Independent Contractors 25.3 Reporting Requirements Chapter 27 Cryptocurrency 27.1 What Is Cryptocurrency? 27.2 What Are the Various Kinds of Cryptocurrency? 27.3 Should Nonprofits Be Involved in Cryptocurrency? 27.4 Cryptocurrencies and the Internal Revenue Service Index
