Private Foundations: Tax Law and Compliance (Wiley Nonprofit Law, Finance, and Management) [Hardcover]

Bruce R. Hopkins (Author), Jody Blazek (Author)

Book Description

ISBN-10: 0471168920 | ISBN-13: 978-0471168928 | Publication Date: November 5, 1997 | Edition: 1

Private foundations are subject to a unique and complex set of (mostly tax) regulations that govern everything from how much money they give away to their investment policies and procedures. This is the only single-volume reference that covers all aspects of tax compliance for private foundations.

This book is supplemented annually.

Editorial Reviews

Review

"….is a handy how-to reference for stewards of these charitable arms, bound as they are by the IRS Code and regulations. The book is organized with an eye to procedural questions, from organizing and applying for tax-exempt status to managing mandatory distribution, to reporting annually to the IRS, to winding up a foundation's affairs." (Journal of Accountancy, April 1st, 2009)

"It is written in a clean and direct style, and builds logically from fundamental concepts and explanations to more complex organizational and legal issues. The authors have produced a most impressive offering in this third edition. Its appearance is both timely and welcome. Highly recommended." (Estate Planning, February 2009)

From the Publisher

With approximately 50,000 private foundations in the U.S. and the increasing scrutiny of the IRS, this much needed, annually updated manual provides a wide range of tax rules and regulations for these foundations. Co-authored by a lawyer and tax accountant, it includes practical tax compliance suggestions and in-depth legal explanations, line-by-line instructions, sample-filled IRS forms, and complete citations.

See all Editorial Reviews

Product Details

• Hardcover: 520 pages
• Publisher: Wiley; 1 edition (November 5, 1997)
• Language: English
• ISBN-10: 0471168920
• ISBN-13: 978-0471168928
• Product Dimensions: 10.3 x 7.3 x 1.6 inches
• Shipping Weight: 2.5 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #5,103,484 in Books (See Top 100 in Books)

More About the Author

Bruce R. Hopkins is a lawyer who divides his time between the writing of books and his monthly newsletter, and the practice of law.

He is a senior partner in the law firm of Polsinelli Shughart PC, practicing in the firm's Kansas City, Missouri, and Washington, D.C., offices. He specializes in the representation of nonprofit, tax-exempt organizations. His practice ranges over the entirety of law matters involving exempt organizations, with emphasis on the formation of nonprofit organizations, acquisition of recognition of tax-exempt status for them, governance and the law, the private inurement and private benefit doctrines, the intermediate sanctions rules, legislative and political campaign activities issues, public charity and private foundation rules, unrelated business planning, use of exempt and for-profit subsidiaries, joint venture planning, tax shelter involvement, review of annual information returns, Internet communications developments, the law of charitable giving (including planned giving), and fundraising law issues.

Mr. Hopkins is the series editor of John Wiley & Sons' Nonprofit Law, Finance, and Management Series. He is the author (or, in some instances, co-author) of 26 books that are currently on the market. His first book, The Law of Tax-Exempt Organizations, was first published in 1975. His most recent book, Fundraising Law Made Easy, was published in 2009. He writes a monthly newsletter, Bruce R. Hopkins' Nonprofit Counsel. All of these publications are published by John Wiley & Sons.

He received the 2007 Outstanding Nonprofit Lawyer Award (Vanguard Lifetime Achievement Award) from the American Bar Association, Section of Business Law, Committee on Nonprofit Organizations. He is listed in "The Best Lawyers in America," Nonprofit Organizations/Charities Law, 2007-2010.

He participates in many conferences and seminars, including those sponsored by Georgetown University Law Center, the University of Texas, PESI, AICPA, Salk Institute, and Loyola University (Los Angeles).

He maintains the Nonprofit Law Center, accessible at www.nonprofitlawcenter.com.

He earned his J.D. and LL.M. degrees at the George Washington University National Law Center, and his B.A. at the University of Michigan.

He is a member of the bars of the District of Columbia and the state of Missouri.

Customer Reviews

Most Helpful Customer Reviews

36 of 36 people found the following review helpful:

4.0 out of 5 stars Must Have if considering your own foundation, March 28, 2000

By 

S. Francis (Williamsburg, VA) - See all my reviews
(REAL NAME)   

This review is from: Private Foundations: Tax Law and Compliance (Wiley Nonprofit Law, Finance, and Management) (Hardcover)

This book comes with a hefty price - I was hesitant. If you are considering the establishment of your own private foundation, this book is a must. It is fairly heavy with the legaleze, but required when considering the thorough discussions of establishing and maintaining a foundation with respect to the applicable IRS tax code. Each topic is documented and sample tax forms are illustrated. Highly recommended - needs to be a little more user friendly for the 5th star.

0 of 1 people found the following review helpful:

5.0 out of 5 stars Great, but this is only the 2010 supplement, December 15, 2009

By 

Grehger - See all my reviews

Amazon Verified Purchase

This review is from: Private Foundations: Tax Law and Compliance (Wiley Nonprofit Law, Finance and Management Series) (Paperback)

I just wanted to clarify that this is a supplement to the 3rd edition of the book, not the book itself, which seems unclear from the reviews.