Curriculum Guide · Courses
Tax Treatment of Charities and Other Nonprofit Organizations
Professor Michael Sanders
LL.M Course 948 (cross-listed) | 2 credit hours
Studies the treatment of charities and other nonprofit organizations, including private foundations, churches, hospitals, trade associations, social clubs, and political organizations under the federal income tax law. Among the topics covered are the characteristics of the various classes of exempt organizations, the legislative policies underlying their exemption from tax, problems associated with qualification for and retention of exemption, joint ventures, the unrelated business income tax including corporate sponsorship, the declaratory judgment remedy, implications of racial discrimination, international activities and the treatment of lobbying and political expenditures.
Prerequisite: Taxation I
Students may not receive credit for this course and Tax Seminar: Exempt Organizations.