(Ebook) Not-for-Profit Accounting, Tax, and Reporting Requirements, Fourth Edition by Edward J. McMillan(auth.) ISBN 9780470575383, 9781118386743, 0470575387, 1118386744

(Ebook) Not-for-Profit Accounting, Tax, and Reporting Requirements, Fourth Edition by Edward J. McMillan(auth.) ISBN 9780470575383, 9781118386743, 0470575387, 1118386744

What every not-for-profit must know about accounting, tax, and reporting requirements Combining the proven guidance of the previous, bestselling edition with all of the latest regulatory information, Edward McMillan delivers a one-stop reporting resource for not-for-profits in Not-For-Profit Accounting, Tax, and Reporting Requirements, Second Edition. McMillan's step-by-step guide helps your not-for-profit apply for tax-exempt status, handle IRS audits, set up a wholly owned taxable subsidiary, anticipate tax implications of lobbying expenses, and perform a host of other functions. All-new coverage of the basics of complying to the new Form 990 New discussions on political action committees, new lobbying issues, grant accounting and complying with OMB Circular A-122 and Yellow Book accounting, fiduciary responsibilities of boards and staff, and much more Contains dozens of checklists, sample letters, and illustrative charts demonstrating how to apply the principles and requirements described A peerless reference for this dynamic field, Not-for-Profit Accounting, Tax, and Reporting Requirements, Second Edition gives your nonprofit a straightforward guide to simpler financial structure and reporting obligations.Content: Chapter 1 Classification of Tax?Exempt Organizations (pages 1–7): Chapter 2 Financial Responsibilities of Not?for?Profit Board Members (pages 9–14): Chapter 3 The Basics of Form 990, Form 990?EZ, and Form N (pages 15–24): Chapter 4 Tax on Unrelated Business Income and Form 990?T (pages 25–32): Chapter 5 Other IRS Issues (pages 33–38): Chapter 6 Disclosure of Information (pages 39–45): Chapter 7 Conditions of Employment Agreement (pages 47–53): Chapter 8 Wholly Owned Taxable Subsidiaries (pages 55–57): Chapter 9 Internal Revenue Service Audits (pages 59–67): Chapter 10 Developing Strong Internal Controls and Documenting a Fraud Action Plan (pages 69–85): Chapter 11 Using CPA Firms and Understanding Their Functions (pages 87–110): Chapter 12 Grant Accounting and Auditing (pages 111–126): Chapter 13 Implications of Lobbying Expenditures (pages 127–139): Chapter 14 Campaign Contributions, PACs, and 527s (pages 141–147): Chapter 15 Internal Audit Committees (pages 149–152): Chapter 16 The Accounting Policies and Procedures Manual (pages 153–157): Chapter 17 Restricted?Fund Transactions (pages 159–165): Chapter 18 The Basics of Intermediate Sanctions (pages 167–169): Chapter 19 The Basics of Not?for?Profit Accounting and Financial Statements (pages 171–177): Chapter 20 Private Foundations (pages 179–182):