TITLE

Supporting Organizations, Sections 501(c)(3) and 509(a)(3)

AUTHOR(S)
Whitney, E. Kenneth
PUB. DATE
February 2005
SOURCE
CPA Journal;Feb2005, Vol. 75 Issue 2, p61
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Focuses on the applicability of sections 501 and 509 of the Internal Revenue Code in supporting organizations in the U.S. Example of the appropriateness of the Section 509 to a taxpayer who is in the highest tax bracket; Percentage of adjusted gross income maximum charitable contribution entitled a supporting organization is allowed to make; Factors that should be completed by a donor upon selection of an organization, including the preparation of a management contract.
ACCESSION #
17869146

 

Related Articles

  • Problems of Taxation of Nonprofit Organizations in Russia [Part 2]. Sinel'Nikov-Murylev, S.; Trunin, I.; Goldin, M.; Il'Iasova, G.; Konrad, R.; Kornienko, N.; Malinina, T.; Tolmacheva, I.; Shkrebela, E. // Problems of Economic Transition;Jun2008, Vol. 51 Issue 2, p3 

    The article discusses the questions of taxing donors, taxing resources received by nonprofits as designated funding and designated revenues, and taxing the transfer of goods, provision of services, and performance of work by nonprofits outside of their commercial activities. It also examines the...

  • RESTRICTING THE FLOW OF FUNDS FROM U.S. CHARITIES TO INTERNATIONAL TERRORIST ORGANIZATIONS--A PROPOSAL. Herzfeld, Mindy // Tax Lawyer;Summer2003, Vol. 56 Issue 4, p875 

    Argues that the U.S. Internal Revenue Service (IRS) should take a more active stance in denying tax exemption to organizations that finance terrorist activities abroad. Exploration of the well-established principle that charitable organizations granted U.S. tax exemption must act consistently...

  • Implications of the Fragmentation Rule. Hopkins, Bruce R. // Nonprofit World;Sep/Oct86, Vol. 4 Issue 5, p32 

    Focuses on the implications of the fragmentation rule to nonprofit organizations. Impact of the rule on the manner in which the Internal Revenue Service audits tax-exempt organizations for unrelated business activity; Examination of each activity in isolation; Characterization of a sales...

  • IRS Unveils New Annual Reporting Requirements. Hopkins, Bruce R. // Nonprofit World;Sep/Oct89, Vol. 7 Issue 5, p35 

    Highlights the new annual reporting requirements released by the U.S. Internal Revenue Service in September 1989. Required data on unrelated activities; Disclosures on relationships with other nonprofits; Easy forms for small organizations.

  • Can You (Should You?) Change Your IRS Status? Katen, Hal // Nonprofit World;Jan/Feb97, Vol. 15 Issue 1, p5 

    Discusses how a nonprofit organization in the United States can convince the Internal Revenue Service (IRS) to change its tax-exempt status. Need to have a good working relationship with a government unit; Differences in the IRS's treatment of 501(c)(3) and 501(c)(4) organizations.

  • Public Charity or Private Foundation Status Issues under IRC 509(a)(1)-(4), 4942(j)(3), and 507. Richardson, Virginia G.; Reilly, John Francis // How to Form a Nonprofit Corporation (9781413313871);May2012, pF7 

    The article presents an overview of the issues confronted when dealing with whether an organization is a public charity or a private foundation, whether it is a private operating foundation, and what are the rules about termination of private foundation status in California. It discusses the Tax...

  • THE 501-2-3 OF NONPROFITS.  // Fedgazette;Jul2006, Vol. 18 Issue 4, p3 

    The article discusses the different types of nonprofit organizations. The federal tax code exempts certain organizations from having to pay federal income taxes believing that they provide some kind of quasi-public service. Some nonprofit categories are notched into the federal tax code and...

  • The kindness of neighbors. Katz, Jane // Regional Review;Summer96, Vol. 6 Issue 3, p14 

    Examines the strengths and limits of the nonprofit sector. Trend toward greater reliance on nonprofits; Special tax treatment; Local commitment; Advantages over government programs; Implications of the transfer of government functions to private charities for national identity; Case of Zumix, a...

  • Nonprofits offer tax break for those who give. FLORA, CHRIS // Inside Tucson Business;12/11/2015, Vol. 24 Issue 13, p12 

    The article reports that individuals donating to a qualified 501c3 nonprofit organizations in Arizona will receive a tax credit when filing their income tax return at the Arizona Department of Revenue.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics