What every not-for-profit must know about accounting, tax, and reporting requirements Combining the proven guidance of the previous, bestselling edition with all of the latest regulatory information, Edward McMillan delivers a one-stop reporting resource for not-for-profits in Not-For-Profit Accounting, Tax, and Reporting Requirements, Second Edition.
McMillan's step-by-step guide helps your not-for-profit apply for tax-exempt status, handle IRS audits, set up a wholly owned taxable subsidiary, anticipate tax implications of lobbying expenses, and perform a host of other functions.
- All-new coverage of the basics of complying to the new Form 990
- New discussions on political action committees, new lobbying issues, grant accounting and complying with OMB Circular A-122 and Yellow Book accounting, fiduciary responsibilities of boards and staff, and much more
- Contains dozens of checklists, sample letters, and illustrative charts demonstrating how to apply the principles and requirements described
A peerless reference for this dynamic field, Not-for-Profit Accounting, Tax, and Reporting Requirements, Second Edition gives your nonprofit a straightforward guide to simpler financial structure and reporting obligations.
Acknowledgments.
Preface.
Disclaimer.
Chapter 1 Classification of Tax-Exempt Organizations.
Chapter 2 Financial Responsibilities of Not-for-Profit Board Members.
Chapter 3 The Basics of Form 990, Form 990-EZ, and Form N.
Chapter 4 Tax on Unrelated Business Income and Form 990-T.
Chapter 5 Other IRS Issues.
Chapter 6 Disclosure of Information.
Chapter 7 Conditions of Employment Agreement.
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