Understanding and complying with the federal tax laws and regulations applicable to associations can be complex. Even the term 'tax-exempt organization' can be be misleading as most organizations recognized as such are still subject to a variety of taxes. But the author, with contributions from his colleagues at the Venable law firm, makes a complex area of law clear to the non-lawyer.
Expanding on the first edition with new and additional material, this second edition offers practical guidance, examples, and explanations on topics such as:
- Tax-exemption standards and requirements for 501(c)(6) and 501(c)(3) organizations
- Unrelated business income tax
- Royalties, corporate sponsorships, and trade show income
- Lobbying and political activities
- Private inurement and private benefit
- Combinations and alliances among and between nonprofits and for-profits
- Reporting, filing, notice, and disclosure requirements
Association Tax Compliance Guide also provides 10 model documents such as endorsement and corporate sponsorship contracts and independent contractor agreements to aid in your association's tax compliance efforts.
Jeffrey Tenenbaum is senior counsel for Lewis Baach Kaufmann Middlemiss PLLC. Based in Washington, DC, Mr. Tenenbaum is one of the nation's leading nonprofit attorneys and is a frequent lecturer, author, and commentator on nonprofit legal issues. Among numerous awards and commendations, in 2006, he was named the American Bar Association's Outstanding Nonprofit Lawyer of the Year. In addition, he has and continues to be one of only a handful of 'Leading Lawyers' in the prestigious U.S. Legal 500 Not-for-Profit rankings for the last seven years (2012-18) and is one of only four lawyers in the U.S. Legal 500 Not-for-Profit 'Hall of Fame.'