A 612 - Tax-Exempt Organizations

A comprehensive look at the formation, operation, and taxation of tax-exempt entities. The course will examine the basic requirements for exemption from federal income tax, including restrictions on campaigning and other political activities, and the prohibition on private benefit. This course will cover the different types of tax-exempt organizations, the qualifying rules for each, and the tax planning considerations related to the use of each. Also examined will be the deductibility rules for charitable contributions, as well as the taxation of unrelated business income of a tax-exempt organization.
3 credit hours.