Every Nonprofit's Tax Guide: How to Keep Your Tax-Exempt Status & Avoid IRS Problems

by Stephen Fishman

Overview

The essential tax reference book for every nonprofit

Nonprofits enjoy privileges not available to other organizations. But these privileges come at a price: Nonprofits must comply with special IRS rules and regulations. This book covers what your organization must do to maintain its tax-exempt status.

Practical, comprehensive, and easy to understand, Every Nonprofit’s Tax Guide explains ongoing and annual IRS compliance requirements for nonprofits, including:

• a detailed look at Form 990
  
• line-by-line instructions for Form 990-EZ
  
• conflicts of interest and compensation rules
  
• charitable giving rules
  
• unrelated taxable business income rules
  
• lobbying and political activity restrictions
  
• nonprofit bookkeeping
  
• other key tax rules
  

Whether you are just starting your nonprofit or are well established, you’ll find all the information you need to avoid the most common issues nonprofits run into with the IRS.

Product Details

ISBN-13:	9781413315424
Publisher:	NOLO
Publication date:	11/19/2009
Sold by:	Barnes & Noble
Format:	eBook
Pages:	458
File size:	7 MB

About the Author

Stephen Fishman is the author of many Nolo books, including Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide 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 and after time in government and private practice, became a full-time legal writer.

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

Index

Interviews

This book explains the IRS rules that nonprofits must comply with in order to maintain their tax-exempt status. From annual filing requirements to unrelated business income to volunteers to lobbying activities, this book explains what nonprofits need to know to stay out of trouble with the IRS. Practical, easy-to-understand and organized by issue, this book is an invaluable reference guide to complicated IRS rules that every small to medium sized nonprofit need to understand.

Editorial Reviews

(Nolo’s)…material is developed by experienced attorneys who have a knack for making complicated material accessible.” Library Journal

“ Nolo is a pioneer in both consumer and business self-help books and software." Los Angeles Times

"Nonprofits need to take ongoing compliance with IRS rules and regulations more seriously than ever before. Practical, comprehensive, and easy to understand, Every Nonprofit's Tax Guide is the essential tax reference book for nonprofits. Readers can turn to this book whenever they have a question about IRS rules or nonprofit compliance issues." SirReadaLot.org

From the Publisher