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Tax Planning and Compliance for Tax-Exempt Organizations. Jody BlazekЧитать онлайн книгу.

Tax Planning and Compliance for Tax-Exempt Organizations - Jody  Blazek


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Test (a) Charitable Class (b) Amount of Charitable Expenditures (b-1) Meaning of Exclusively and Insubstantial

      (a) Charitable Class

       p. 29. Add at end of first full paragraph at top of page:

      IRS Private Letter Ruling Number: 202021025

      We considered your application for recognition of exemption from federal income tax under Internal Revenue Code (IRC) Section 501(a). We determined that you don't qualify for exemption under IRC Section 501(c)(3). This letter explains the reasons for our conclusion. Please keep it for your records.

       Issues

      Do you qualify for exemption under IRC Section 501(c)(3) for the reasons stated below?

       Facts

      During review of your Form 1023-EZ, detailed information was requested supplemental to your attestations. You incorporated in the state of M on C. Your Articles of Incorporation state that your primary purpose is to support a local-based food system that:

       improves public health and well-being by increasing dietary intake of fresh fruits and vegetables;

       improves access to fresh fruits and vegetables by limited resource families;

       enhances the capacity for sustainable food production, processing, and distribution by addressing the educational needs of producers;

       supports tourism and economic development in the region by providing a profitable retail outlet for local agriculture producers, artisans, crafters, food vendors, and their goods; and

       strengthens the social fabric of the local community by increasing awareness and support of local agriculture and the arts.

      Your Articles of Incorporation also provide that you have two categories of members: producer/vendor and individual/nonvendor.

      You operate a bi-weekly farmers' market from May to October with additional indoor markets in November and December. Regional farmers and craftspeople within = miles of N who grow, produce, or make craft items are eligible to be vendors at the market.

      You grant regional nonprofit organizations, support groups, and clubs that conduct programs involving health and well-being free access to the market in the form of booth space, supplies and equipment, labor, and technical assistance at or before the market. You also provide discounted space for beginning farmers and young entrepreneurs.

      In addition, your governing body, market manager, and volunteers operate a booth providing information on local programs addressing food access, senior coupons, SNAP, WIC, and other federal and state nutritional programs.

      You are supported by vendor fees that are set to cover your marketing and market manager costs.

       Law

      IRC Section 501(c)(3) provides for the recognition of exemption of organizations that are organized and operated exclusively for religious, charitable, or other purposes as specified in the statute. No part of the net earnings may inure to the benefit of any private shareholder or individual.

      Treas. Reg. Section 1.501(0(3)-1(c)(1) provides that an organization will be regarded as operated exclusively for one or more exempt purposes only if it engages primarily in activities which accomplish one or more of such exempt purposes specified in IRC Section 501(c)(3). An organization will not be so regarded if more than an insubstantial part of its activities is not in furtherance of an exempt purpose.

      Treas. Reg. Section 1.501(c)(3)-1(d)(1)(ii) provides that an organization is not organized or operated exclusively for exempt purposes unless it serves a public rather than a private interest. To meet this requirement, it is necessary for an organization to establish that it is not organized or operated for the benefit of private interests.

      Treas. Reg. Section 1.501(c)(3)-1(d)(2) provides the term “charitable” is used in IRC Section 501(c)(3) in its generally accepted legal sense and includes relieving the poor and distressed or the underprivileged, combating community deterioration, lessening neighborhood tensions, and eliminating prejudice and discrimination.

      Treas. Reg. Section 1.501(c)(3)-1(d)(3)(i) provides that the term “educational,” as used in IRC Section 501(c)(3), relates to the instruction of the public on subjects useful to the individual and beneficial to the community.

      Revenue Ruling 69-175, 1969-1 C.B. 149, describes an organization created to provide bus transportation for school children to a tax-exempt private school. The organization was formed by the parents of pupils attending the school. The organization provided transportation to and from the school for those children whose parents belonged to the organization. Parents were required to pay an initial family fee and an additional annual charge for each child. The Service determined that “when a group of individuals associate to provide a cooperative service for themselves, they are serving a private interest.”

      In Revenue Ruling 71-395, 1971-2 C.B. 228, a cooperative art gallery was formed and operated by a group of artists for the purpose of exhibiting and selling their works and did not qualify for exemption under IRC Section 501(c)(3). It served the private purposes of its members, even though the exhibition and sale of paintings may be an educational activity in other respects.

      Revenue Ruling 77-111, 1977-1 C.B. 144, in Situation 1, held that an organization formed to increase business patronage in a deteriorated area by providing information on the area's shopping opportunities, local


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