Tax Planning and Compliance for Tax-Exempt Organizations - (Wiley Nonprofit Authority) 7th Edition by Jody Blazek & Jane M Searing (Hardcover)

About the Book

"Filled with practical tips and suggestions for handling such critical situations as preparing for and surviving an IRS examination, Tax Planning and Compliance for Tax-Exempt Organizations, Fifth Edition provides guidance for the significant issues facing nonprofit organizations. This book is an indispensable guide to navigating the complex maze of nonprofit tax rules and regulations. A clear and fully cited description of the requirements for the various categories of tax-exempt entities from public charities, private foundations, civic associations, business leagues, and social clubs to title-holding companies and governmental entities can be found. Practical guidance on potential for income tax on revenue-producing enterprises along with explanations of many exceptions to taxability is provided. Issues raised by Internet activity, advertising, publishing, providing services, and much more are explained"--

Book Synopsis

A hands-on roadmap to navigating the complicated maze of tax-exempt rules and regulations

In the newly revised seventh edition of Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Checklists, Procedures, a team of celebrated tax and nonprofit specialists delivers a critical update to their widely read and authoritative series on nonprofit organization taxation. It's an essential guide to making sense of the complexities of nonprofit tax rules and regulations.

Packed with checklists and suggestions, this book tells you exactly how to understand--and comply with--the complicated maze of tax-exempt organization rules and regulations administered by the Internal Revenue Service.

In the book, you'll find:

• Extensive, quick-use checklists for determining tax-exempt eligibility, reporting to the IRS, and tax compliance
• Detailed instructions for submitting exemption applications and tax forms
• Sample documents, including organizational bylaws, letters of application, and completed IRS forms
• Tools and practice aids, like a comparison chart explaining the differences between public and private charities

Written by two of the leading authorities in a rapidly evolving field, Tax Planning and Compliance for Tax-Exempt Organizations dives deep into the most recent changes to the tax code, new case law and IRS rulings, and regulations promulgated since 2020. It's perfect for tax and accounting professionals everywhere.

From the Back Cover

An indispensable roadmap for the complex maze of tax-exempt rules and regulations

Tax Planning and Compliance for Tax-Exempt Organizations: Rules, Guides, Procedures, Seventh Edition, by Jody Blazek and Jane M. Searing, is a comprehensive and authoritative update to the widely read gold standard in nonprofit organization tax planning. It's been exhaustively updated to include the latest changes to the tax code, new IRS rulings, court decisions, and regulations issued since 2020.

You'll learn how to establish eligibility for tax-exempt status and maintain that status through compliant tax preparation and disclosure. You'll also discover how to properly handle mergers and terminations. This resource covers every step of a tax-exempt organization's lifecycle.

This book includes access to an annual supplement to keep subscribers current on changes in IRS policies, court decisions, and related issues, as well as easy-to-use guides that highlight critical concerns, like tax-exempt eligibility, reporting changes to the IRS, reasonable compensation evaluations, and tax compliance.

An essential inclusion in the libraries of everyone who manages or advises tax-exempt organizations, Tax Planning and Compliance for Tax-Exempt Organizations is an indispensable guide for tax and accounting professionals.

We would like to thank the following members of Deloitte Tax, Global Center for Excellence in Philanthropy team and the Washington National Tax practice for their indispensable contributions in researching, editing, and updating this Seventh Edition.

Jocelyne Miller, Jessica Karantonis, Rebekah Stanley, Mike Schlect, Jeff Frank, Maria De Ramos, Kristina Rasmussen, Amber Hopp, Sarah Redden, Stegin O'Neill, Emily Samuels, Morgan Wright, Eduard Braila, Adam Saleh, Stephanie Prieto, Alan Nguye, Cherry Zhang, Rachel Wood, and Rafe Hauser. We could not have done it without you!

About the Author

JODY BLAZEK was a founder and partner in Blazek & Vetterling, a Houston-based CPA firm focused on tax, auditing, and financial planning for exempt organizations and the people who create, fund, and work with them. She is the author of six books in the Wiley Nonprofit Series, including Financial Planning for Nonprofit Organizations Made Easy and The Tax Law of Private Foundations, Sixth Edition. She is a frequent speaker at nonprofit symposia.

JANE M. SEARING is a managing director in Deloitte Tax's Private Wealth practice, and the Global Center for Excellence in Philanthropy. She specializes in tax-exempt organizations, specifically private foundations, and philanthropic planning, and focuses on helping family offices and ultra-high-net-worth individuals execute their philanthropic vision. Searing is a frequent speaker and writer, a certified public accountant in Washington, Hawaii, and Colorado, and a member of the American Institute of Certified Public Accountants.