
Every Nonprofit's Tax Guide
2nd Edition
Author: Stephen Fishman, J.D.
Price: $20.99
Author: Stephen Fishman, J.D.
Price: $20.99
Description
Tax rules for your nonprofit -- stay legal and keep the IRS off your back
Your nonprofit enjoys special privileges not available to other organizations -- but they come at a price. Nonprofits must comply with rules and regulations that don't apply to for-profit ventures. Every Nonprofit's Tax Guide explains these rules and what your nonprofit must do to maintain your tax-exempt status and avoid problems with the IRS.
This practical, thorough, and easy-to-read book explains both ongoing and annual compliance requirements for nonprofits, including:
rules for charitable giving and cash donations
Form 990
unrelated taxable business income
annual IRS filings and disclosures
property donations
bookkeeping basics
working with independent contractors and volunteers
restrictions on lobbying and political activities
Plus, the book also includes a chapter on the types of transactions that can get your nonprofit in hot water with the IRS.
“(Nolo’s)…material is developed by experienced attorneys who have a knack for making complicated material accessible.”
-Library Journal
Author Biography
Stephen Fishman is the author of many Nolo books, including Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide, Tax Deductions for Professionals, and Home Business Tax Deductions: Keep What You Earn--plus many other legal and business books. He received his law degree from the University of Southern California in 1979. After time in government and private practice, he became a full-time legal writer in 1983.
Table of Contents
1. Nonprofits and the IRS
2. Annual IRS Filings—The Form 990
3. Record Keeping and Accounting
4. Volunteers, Employees, and Independent Contractors
5. Charitable Giving—The Basics and Cash Donations
6. Property Donations
7. Excessive Compensation, Sweetheart Deals, and Other Ways to Get in Trouble With the IRS
8. Nonprofits That Make Money and UBIT
9. Lobbying and Political Campaign Activities
10. Help Beyond This Book
Appendix: Forms
IRS Form 990-EZ
Sample Conflict of Interest Policy (from IRS Form 1023, Appendix A, With Annual Conflict of Interest
Acknowledgment Statement)
Rebuttable Presumption Checklist
Family and Business Relationship Questionnaire
Expense Report
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