February 24, 2000 | Read Time: 1 minute
Joint Ventures Involving Tax-Exempt Organizations, Second Edition
By Michael I. Sanders
This book explains the laws that govern money-making ventures between businesses and charities.
Mr. Sanders, a Washington lawyer, writes that such ventures are most prevalent among non-profit health-care organizations, which were driven to compete harder for funds after the federal government switched Medicare from cost-based reimbursement to per-case reimbursement in 1983.
His chapter on health-care organizations analyzes the standards imposed by the Internal Revenue Service to determine tax-exemption for hospitals and scrutinizes recent Tax Court decisions showing how to determine what a non-profit hospital is worth.
Other chapters cover the unrelated-business income tax, which the I.R.S. levies on money raised through activities it determines to be outside an organization’s charitable mission; debt-financed income; bonds; investing through limited-liability companies; and for-profit partnerships between businesses and universities, business leagues, and foreign organizations.
Publisher: John Wiley & Sons, 1 Wiley Drive, Somerset, N.J. 08875; (800) 225-5945; fax (908) 302-2300 or (800) 597-3299; http://www.wiley.com/nonprofit; 595 pages; $170; I.S.B.N. 0-471-29845-x.
