Courses 2008 - 2009
LAW T512 Exempt Organizations
Credits: 2-4, Variable
A study of the exemption from federal income tax accorded to a wide variety of organizations. Consideration will be given to qualification for exempt status (IRC §501(c)(3)), the procedure for obtaining that status, possible grounds for loss of exempt status, treatment of private foundations, and problems involving unrelated business income. The course also considers special problem areas such as compensation issues (e.g., use of incentive compensation arrangements and stock options); transactions with for-profit entities (including the existence of a for-profit subsidiary, joint ventures with for-profit entities, etc.); and issues involving health care entities (e.g., hospitals, HMOs and physician/hospital joint ventures).
A530 Basic Income Taxation is NOT a prerequisite for this class.
Course Sections and Instructors
Lance Behnke, Lisa Johnsen