Planning and Compliance for Tax-Exempt Organizations: Rules,
Checklists and Procedures, 4th Edition
Jody Blazek, CPA
Wiley & Sons, Inc., 2004; ISBN: 0-471-27177-2; 742 pages,
supplement forthcoming April 2005, 96 pages, $65
by Lisa F. Quint
2005 - Author Jody Blazek’s experience includes 10 years
as the treasurer of a tax-exempt organization. Blazek says
the book “is intended to be a practical guide to establishing
and maintaining tax-exempt status for nonprofit organizations.”
The book deals with basic issues, as well as detailed explanations
for more advanced readers, and she points out that the definition
of a charitable organization, as well as the tax advantages
of deductible contributions, can change with the political
the author indicates, the IRS is currently updating the
application form and annual information return for exempt
organizations, including electronic filing. The IRS issued
a revised Form 1023 in October 2004. An update of this book
will be needed when all these forms are completed by the
IRS, and the author expects to publish a supplement then,
with access to a website for timely updates.
book is clearly a desk reference, with numerous footnotes
and cross-references to other sections of the book and to
IRS regulations, rulings, and other useful information.
The author also cites various other texts for information
beyond the scope of the current book. In addition, each
state has its own rules for tax-exempt organizations. The
chapter on unrelated-business income tax (UBIT) explains
how to determine which items sold in a museum gift shop
represent unrelated income and are therefore subject to
UBIT. The author is familiar with Texas rules and occasionally
refers to them; a reader would also need to consult applicable
book is organized into three parts, with 26 chapters, including
155 subchapters and 54 exhibits (including 12 annual tax
compliance checklists), plus an index:
Part 1. Chapters 1–11: Qualifications of Tax-Exempt
Part 2. Chapters 12–17: Standards for Private Foundations
Part 3. Chapters 18–26: Obtaining and Maintaining
1 discusses whether an entity should file for tax-exempt
status and under which IRC section. Chapters 2 through 5
focus on IRC section 501(c)(3) organizations, while Chapters
6 to 10 discuss other 501(c) entities, and Chapter 11 compares
public and private charities.
12 to 17 discuss issues specifically related to private
foundations, including the excise tax on investment income.
This section also addresses various IRC penalties that fall
short of immediate loss of tax-exempt status. These penalty
taxes are similar to the intermediate sanctions for public
charities established by Congress in 1996. Other information
in this section is often applicable to public charities.
18 to 26 include information that all types of tax-exempt
organizations can use, including a description of the required
annual filings with the IRS and advice on how to continue
operating as a tax-exempt organization. This section also
discusses the rules that set forth which types of organizations
can be involved in influencing legislation or participating
author addresses the distinction between public charities
and private foundations, including private operating foundations.
The book focuses on the issues unique to various types of
tax-exempt organizations, except for the chapter on employment
taxes, which includes information needed by all employers.
additional references are needed, including references for
applicable state laws and revisions and updates by the IRS,
this book is a useful addition to a reference library for
tax issues affecting various types of tax-exempt organizations.
F. Quint, CPA, is a manager at Buchbinder Tunick
& Company LLP, New York, N.Y. She is a member of the NYSSCPA’s
Not-for-Profit Organizations Committee.