Joint Ventures Involving Tax-Exempt Organizations

Joint Ventures Involving Tax-Exempt Organizations

A comprehensive, revised, and expanded guide covering tax-exempt organizations engaging in joint venturesJoint Ventures Involving Tax-Exempt Organizations, Fourth Edition examines the liability of, and consequences to, exempt organizations participating in joint ventures with for-profit and other tax-exempt entities. This authoritative guide provides unbridled access to relevant IRC provisions, Treasury regulations, IRS rulings, and pertinent judicial decisions and legislative developments that impact exempt organizations involved in joint ventures. Features in depth analysis of the IRS's requirements for structuring joint ventures to protect a nonprofit's exemption as well as to minimize UBIT Includes sample models, checklists, and numerous citations to Internal Revenue Code sections, Treasury Regulations, case law, and IRS rulings Presents models, guidelines, and suggestions for structuring joint ventures and minimizing the risk of audit Contains detailed coverage of: new Internal Revenue Code requirements impacting charitable hospitals including Section 501(r) and related provisions; university ventures, revised Form 990, with a focus on nonprofits engaged in joint ventures; the IRS's emphasis on good governance practices; international activities by nonprofits; and a comprehensive examination of the New Market Tax Credits and Low Income Housing Tax Credits arenaWritten by a noted expert in the field, Joint Ventures Involving Tax-Exempt Organizations, Fourth Edition is the most in-depth discussion of this critical topic.From the Inside FlapPraise for joint ventures involving tax-exempt organizationsFourth Edition"I have been regularly reading and relying on Mike Sanders's editions of Joint Ventures Involving Tax-Exempt Organizations since publication of the first (in 1994); the (now) four volumes stand on constant duty within close reach. His blend of scholarship and practical experience has thus informed and enhanced my law practice and writing for over twenty years. This new edition of Joint Ventures is a carefully crafted journey through joint venture law and general federal tax law for nonprofit organizations, beginning with the fundamentals, then stops to explore collateral concepts (such as the excess benefit transactions rules, tax shelter transactions rules, and the unrelated business law), culminating in the heart of the worth of this book, which is Mike's treatment of ventures involving healthcare institutions and universities, and international venturing. Even ventures concerning business leagues and conservation organizations are accorded meaningful treatment. Overall, I do not believe it is possible to have an exempt organizations law practice of any consequence without ongoing consultation of Mike Sanders's now updated book."-Bruce R. Hopkins, senior partner, Polsinelli PC; author, The Law of Tax-Exempt Organizations, Tenth Edition"Tax-exempt organizations, through joint ventures with for-profit and other tax-exempt entities, play a key role in affordable housing, community development, and historic preservation. Navigating the process and rules that govern exempt organizations' involvement in joint ventures can be complex, and this book provides an important look at the rules and relationships involved with low-income housing, new markets, historic rehabilitation, and other tax credit programs."-Michael J. Novogradac, CPA, Managing Partner, Novogradac & Company LLP"An important resource not just for those nonprofits already participating in joint ventures but just about all nonprofits. This book conveys succinctly the basic rules regulating tax exemption, explains old and brand-new opportunities for joint ventures, and includes invaluable checklists to guide both those who work in nonprofits and those outside professionals who advise them."-Ellen P. Aprill, John E. Anderson Professor of Tax Law, Loyola Law School"Mike Sanders's book, Joint Ventures Involving Tax-Exempt Organ