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Book

The tax law of private foundations

Call Number

  • NON PROFIT 343.0668 H221 (CEN)

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Edition

Sixth edition.

Publication Information

Hoboken, New Jersey : John Wiley & Sons, Inc, [2024]

Physical Description

xxvii, 771 pages ; 26 cm

Summary

"Private foundations, although constituting a relatively small portion of the charitable community, are burdened with extensive federal tax law requirements that belie their numbers, and substantially regulate and circumscribe their operations. This body of law has steadily grown since its inception as a considerable portion of the Tax Reform Act of 1969. This book came about in reflection of this expanding and expansive aspect of the law pertaining to these unique forms of tax-exempt organizations. This book will capture and summarize this law, and provide guidance as to compliance with it. With Private Foundations: Tax Law and Compliance, 6th Edition, Bruce R. Hopkins and Shane Hamilton bring clarity, real-world examples, and checklists to help accountants, lawyers, and executives of tax-exempt organizations deal with the burdensome process of complying with IRS regulations governing private foundations"--

Notes

Order of authors' names reversed on previous edition.

Contents

  • Introduction to private foundations
  • Starting, funding, and governing a private foundation
  • Types of private foundations
  • Disqualified persons
  • Self-dealing
  • Mandatory distributions
  • Excess business holdings
  • Jeopardizing investments
  • Taxable expenditures
  • Tax on investment income
  • Unrelated business activity
  • Tax compliance and administrative issues
  • Termination of foundation status
  • Charitable giving rules
  • Private foundations and public charities
  • Donor-advised funds
  • Corporate foundations.

Subjects

Added Authors

Bruce R Hopkins