Supporting organizations / Gerald B. Treacy, Jr.
2009
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Items
Details
Title
Supporting organizations / Gerald B. Treacy, Jr.
Added Corporate Author
Imprint
Arlington, VA : Tax Management, ©2009-
Frequency
Updated irregularly.
Series
Tax management portfolios ; 459-2nd.
Formatted Contents Note
Detailed analysis. Introduction
Overview
Organizational and operational tests
Relationship types
Control test
Restrictions on support of foreign charitable organizations
Restriction on contributions from persons in control of supported organization-types I and III supporting organizations
Restrictions on grants from private foundations to "grantmaking" type III supporting organizations and certain type I and II supporting organizations
Payout requirements for "grantmaking" type III supporting organizations
Excess benefit transactions
Excess business holdings of grantmaking type III supporting organizations and certain type II supporting organizations
Donor advised fund limitations-grantmaking type III supporting organizations and donor-controlled type I or II supporting organizations
Returns
Post-PPA announcement and other guidance
Transitional rules
Supported organizations
Life cycle of a supporting organization
Opting out of supporting organization status
Other supporting organization issues
Working papers.
Overview
Organizational and operational tests
Relationship types
Control test
Restrictions on support of foreign charitable organizations
Restriction on contributions from persons in control of supported organization-types I and III supporting organizations
Restrictions on grants from private foundations to "grantmaking" type III supporting organizations and certain type I and II supporting organizations
Payout requirements for "grantmaking" type III supporting organizations
Excess benefit transactions
Excess business holdings of grantmaking type III supporting organizations and certain type II supporting organizations
Donor advised fund limitations-grantmaking type III supporting organizations and donor-controlled type I or II supporting organizations
Returns
Post-PPA announcement and other guidance
Transitional rules
Supported organizations
Life cycle of a supporting organization
Opting out of supporting organization status
Other supporting organization issues
Working papers.
Summary
" ... examines the supporting organization as defined in Internal Revenue Code [section] 509(a)(3). A supporting organization is an exempt charitable organization that "supports" one or more publicly supported charitable organizations described in [section] 509(a)(1) or [section] 509(a)(2). Because of its strategic link with the supported public charities, a supporting organization historically has generally been exempt from the private foundation taxes under [section] 4940-[section] 4945, despite the fact that a supporting organization's sources of support may be limited to a single donor or members of a single family. Under 2006 legislation, however, supporting organizations are now subject to the private foundation tax on "excess business holdings" under [section] 4943. Contributions to supporting organizations qualify for the highest, public charity, deductibility thresholds. In light of concerns about potential abuse, the Pension Protection Act of 2006 enacted provisions designed to improve the accountability of supporting organizations and to subject certain supporting organizations, or distributions to certain supporting organizations, to excise taxes. Treasury issued final regulations on supporting organizations late in December 2012."
Note
[" ... revises and supersedes 871-2nd T.M."]--Print version.
Title from title screen (viewed March 26, 2015).
Title from title screen (viewed March 26, 2015).
Bibliography, etc. Note
Includes bibliographical references.
System Details Note
Mode of access: World Wide Web.
Location
www
Available in Other Form
Print version: Treacy, Gerald B. Supporting organizations. Arlington, VA : Tax Management Inc., ©2014-
Linked Resources
Alternate Title
Tax Management Portfolios.
Language
English
Record Appears in