LAW 639 - Taxation of Nonprofits Organizations (2 or 3)

Taxation of Nonprofit Organizations explores the federal income tax consequences of operating as a tax-exempt entity. Topics include organization under state law to qualify for federal tax-exempt status, maintaining tax-exempt status, private inurement issues, private and public benefit mandates, allowed and disallowed commercial activities, excess benefit transactions, lobbying activities, unrelated business income tax, charitable deductions and contributions, and special rules applicable to private foundations. Prereq: Federal Income Tax I (LAW 668). Prereq/Co-req: Federal Income Tax I (LAW 668).