Ensure compliance with the latest tax-exempt legal developments
The 13th edition of The Law of Tax-Exempt Organizations compiles all of the latest pertinent statutes, regulations, rulings, and court opinions into a single authoritative resource. Written by renowned authors and legal experts Bruce R. Hopkins and Shane Hamilton, this book uses accessible language and extensive tabular information to allow for easy navigation and quick reference.
A companion website provides seven additional online resources, including Cumulative Tables of IRS Private Letter Rulings, Technical Advice Memoranda, and Counsel Memoranda. Sample topics featured in this book include:
- Nonprofit governance, including board duties and responsibilities in duty of care, loyalty, and obedience
- Charitable organizations focusing on relief of distressed, provision of housing, and promotion of health and social welfare
- General constitutional law principles and internal revenue code provisions for religious organizations
- Public charities, private foundations, and other types of charitable organizations, such as amateur sports leagues, business leagues, and social clubs
Tax laws are continuously evolving and the statutes and regulations for tax-exempt organizations change more quickly than most. The thirteenth edition of The Law of Tax-Exempt Organizations is an essential reference for all non-profit organizations to ensure compliance in all directives and activities.
The definitive guide to the law affecting tax-exempt organizations, fully updated
Authored by Shane T. Hamilton and the late Bruce R. Hopkins, widely recognized as two of the country's leading experts on nonprofit law, The Law of Tax-Exempt Organizations, Thirteenth Edition, is written in plain English and is organized to allow for easy navigation and quick reference. This book includes a companion website that features resources that provide citations and background on the sources of the law.
This definitive guide covers all facets of the tax code, regulations, case law, and administrative determinations that comprise the law of tax-exempt organizations. This edition provides a comprehensive presentation of this field, including recent developments such as:
- Tax regulations and IRS guidance implementing provisions of the Tax Cuts and Jobs Act, such as the bucketing (or silo) rule for the computation of unrelated business taxable income, the college and university endowment tax, and the excise tax on excess compensation paid by tax-exempt organizations
- Tax regulations and IRS guidance implementing The Taxpayer First Act, which instituted mandatory electronic filing of exempt organizations returns
- IRS guidance on the standards for LLCs to qualify for tax-exempt status and the provision of disaster relief by charitable organizations
- Proposed revised IRS procedures for group exemption rulings
- Expanded discussion of unrelated business rules
- IRS rulings in areas such as the commerciality doctrine, the organizational and operational tests, and the private inurement and private benefit doctrines
With concise and authoritative commentary on all the relevant tax law standards, The Law of Tax-Exempt Organizations, Thirteenth Edition is an essential reference for leaders and managers of tax-exempt organizations as well as the lawyers, accountants, and consultants who serve and advise them.
