The Law of Tax Exempt Organizations

Catalog description

This course will briefly address theories and rationales for exempt organizations and examine in some depth the Internal Revenue Service's tests for tax-exemption and the major types of 501(c)(3) organizations and related contribution deductions, as well as a collection of other 501(c) associations. Attention will be paid to state law regarding the formation and operation of Missouri Nonprofit corporations and the IRS application process for recognition of tax-exemption in addition to nonprofit corporate governance matters. Focus will be on Internal Revenue Code provisions, Treasury Regulations, IRS interpretive rulings and case law. Credit Hour : 1-3 Recommended: LAW 5395 Business Organizations