Home >
Taxation >
U.S. >
Tax Compliance for Tax Exempt Organizations (2023)

Tax Compliance for Tax Exempt Organizations (2023)

Author: Steven D. Simpson
Publisher: CCH U.S.
ISBN: 9780808059110
Published In: June 2023
Format: Paperback , 1024 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 6,390.00

HKD 6,198.30 Save HKD 191.70 (3%)

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents
Author

Details

Tax Compliance for Tax-Exempt Organizations provides a detailed analysis of the federal tax laws affecting tax-exempt organizations and the tax treatment of donors to such organizations. It offers expert guidance to tax-exempt organizations and their tax advisors on the tax compliance issues they confront on a daily basis and the preparation of the various tax forms they must file with the IRS. It offers unique insight into four key areas: tax law and the rules that govern compliance; reporting requirements; compliance steps, choices and mechanisms; and accounting.
Topics and Content
1. Introduction to Tax-Exempt Organizations
2. Distinctions Between Private Foundations and Public Charities
3. Organizational and Operational Considerations
4. Private Inurement, Private Benefit, and Intermediate Sanctions
5. Engaging in a Trade or Business and Income from an Unrelated Trade or Business
6. Political and Legislative Activities of Public Charities
7. Private Foundation Excise Taxes
8. Exemption Application Procedures
9. Annual Returns and Disclosure Requirements
10. Charitable Contribution Deduction Requirements and Information for Donors
- Appendix A: Sample Form 1023 and Accompanying Documents
- Appendix B: Sample Form 1024 and Accompanying Documents
- Appendix C: Sample Forms 990, 990-PF, and 990-T
- Appendix D: Publication 557
- Appendix E: Publication 3833
Steven D. Simpson is of counsel with the law firm of Wyrick Robbins Yates & Ponton LLP in Raleigh, North Carolina. Mr. Simpson is a 1978 graduate of the Wake Forest University School of Law and was awarded a Master of Laws Degree in Taxation from Georgetown University Law Center in 1981. He has represented many organizations and individuals on a wide variety of tax, corporate, business, and estate planning matters and charitable gift planning issues and has particular expertise in the representation of ¿501(c)(6) trade associations and ¿501(c)(3) charitable organizations and private foundations. Health care organizations have also been a particular focus of Mr. Simpson¿s practice. He has counseled many hospitals on a wide range of matters, including physician recruitment, incentive compensation, reimbursement, self-referral issues, medical staff relationships, corporate reorganization, and purchases and sales of hospital assets.

Mr. Simpson has more than twenty years of experience in representing all types of tax-exempt organizations. He has written and lectured on many topics affecting tax-exempt organizations, including:
- Unrelated business income tax issues;
- Lobbying and political activities;
- Federal and state election laws;
- Charitable giving;
- Political action committees;
- Compensation and retirement plans;
- Excise taxes affecting public charities and private foundations;
- Private inurement, private benefit, and intermediate sanctions;
- Systems of affiliated tax-exempt organizations; and
- Tax and antitrust issues affecting trade associations.
Mr. Simpson is admitted to the bars of North Carolina, Florida, and the District of Columbia and is admitted to practice before the United States Supreme Court as well as numerous federal courts of appeal and district courts. He has been active in the American Bar Association¿s Exempt Organizations Committee, as well as in the North Carolina Bar Association¿s Health Law Section as a past member of the Executive Council. He is also a member of the American Society of Association Executives and the Association Executives of North Carolina, among several other professional organizations, and is listed in The Best Lawyers in America under tax law. He has received the A-V rating from Martindale-Hubbell and is listed in the Bar Register of Preeminent Lawyers.

Mr. Simpson is the author of Multistate Guide to Regulation and Taxation of Nonprofits,Published by CCH, as well as Tax-Exempt Organizations: Organizational andOperational Requirements, Tax Management Portfolio No. 869; Tax-Exempt Organizations:Reporting, Disclosure and Other Procedural Aspects, Tax Management Portfolio No. 870-2d; and Private Foundations: Taxable Expenditures, Tax Management Portfolio No. 882, all published by Tax Management, Inc., a subsidiary of the Bureau of National Affairs.