Tax-Exempt Sector
Author | : David M. Walker (au) |
Publisher | : DIANE Publishing |
Total Pages | : 62 |
Release | : 2005-09 |
ISBN-10 | : 1422300994 |
ISBN-13 | : 9781422300992 |
Rating | : 4/5 (94 Downloads) |
Download or read book Tax-Exempt Sector written by David M. Walker (au) and published by DIANE Publishing. This book was released on 2005-09 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax-exempt sector under section 501(c) of the IRS Code covers over a million-&-a-half tax-exempt entities (TEE) of varying sizes & purposes. Transparency over TEE activities is aided by public access to their annual tax returns. Oversight can help ensure adherence to exempt purposes, protect against abuses, & sustain public support for the sector. This report addressed: (1) the growth of the section 501(c) tax-exempt sector; (2) the role of governance & transparency in ensuring that TEE function effectively & with integrity; (3) IRS's capacity for overseeing the TEE sector, incl. its results & efforts to address critical compliance problems; & (4) states' oversight & their relationship with IRS in overseeing TEE. Charts & tables.