July 15, 1999 | Read Time: 1 minute
Tax Planning and Compliance for Tax-Exempt Organizations: Forms, Checklists, Procedures, Third Edition
By Jody Blazek
The growth in the number of non-profit organizations will lead to increased scrutiny from the Internal Revenue Service, writes Ms. Blazek, an accountant in Houston. She offers this guide to keep groups from running afoul of the I.R.S.
Despite the privileges of tax-exemption, non-profit organizations remain subject to penalties for late filings of tax documents and non-compliance with tax laws, as well as to income and excise taxes on certain ventures, she writes.
Sections cover qualifying for exemption, private foundations, I.R.S. recognition of tax-exempt status, maintaining tax-exempt status, and communicating with the tax agency. Ms. Blazek provides reproductions of the forms required by the I.R.S. for compliance, and tables of Tax Court rulings and revenue procedures.
New to this edition: chapters on understanding recent legislation affecting non-profit groups, such as penalties for board members or other top officials who get undue perquisites from a charity, lobbying-expense limits, and classification of unrelated business income.
Publisher: John Wiley & Sons, One Wiley Drive, Somerset, N.J. 08875; (800) 225-5945; fax (908) 302-2300 or (800) 597-3299; World-Wide Web http://www.wiley.com; 818 pages; $135; I.S.B.N. 0-471-29380-6.
