Exempt Organizations Determinations Unit 2, student - Tax Analysts

372 Pages·2013·2.54 MB·English

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Exempt Organizations
Determinations
Unit 2

Student
Guide
Official Use Only: Certain
pages of this book have been
designated as “Official Use
Only.” Requests from outside
the Service for copies of this
book are to be referred
immediately to the local
Disclosure Officer.
This material was designed
specifically for training
purposes only. Under no
circumstances should the
contents be used or cited as
authority for setting or
sustaining a technical
position.
publish.no.irs.gov
Training 29450-002 (Rev 9-2009)
Catalog Number
IRS 00335
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The IRS Mission

Provide America’s taxpayers top quality
service by helping them understand and
meet their tax responsibilities and by
applying the tax law with integrity and
fairness to all.

The Tax Exempt and
Government Entities
Mission

Provide customers top quality service by
helping them understand and comply with
the applicable tax laws and to protect the
public interest by applying the tax law with
integrity and fairness to all.

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The taxpayer names and addresses shown in this
publication are hypothetical. They were chosen at random
from a list of American colleges and universities as shown
in Webster’s Dictionary or from a list of counties in the
United States as listed in the United States Government
Printing Office Style Manual.

Forms shown in this publication are intended as training
documents and may not reflect the most current issuance.
Please check with your local office to make sure you have
the most applicable form.

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ERRATA SHEET

Instructions:

•
Duplicate this form locally as needed to report any errors or problems with course
materials.

•
E-mail completed forms to: [email protected]

or mail to: Lois J. Watson
Program Manager
Internal Revenue Service
TE/GE Learning & Education
500 Main St., Room 7001
Cincinnati, OH 45202

Course #29450-002: Exempt Organizations Determinations Unit 2 (Rev 9-2009)

Lesson # ____
Page # ____
Block label: __________________________________________
Type of Error or problem:
____ technical
____ typographical
____ content clarity
____ other

Describe error or problem with the material:

Suggested solution:

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Table of Contents

Lesson Title
1 Introduction
2 Lessening the Burdens of Government and Economic Development
3 Low Income, Elderly and Student Housing
4 Tax Exempt Bond Financing
5 Advanced Fundraising Issues
6 For Profit Relationships
7 Voter Education and Political Activities
8 509(a)(3) Type I and Type II Supporting Organizations
9 Miscellaneous Grade 12 Topics and Advanced Procedures
10A IRC Section 501(c)(9) VEBAs and IRC Section 501(c)(17)
Supplemental Unemployment Benefits Trusts
10B Introduction to Limited Liability Companies
10C Overview of Foreign Organizations
10D Overview of IRC Section 501(d)
11 Overview of Grade 13 Case Topics
12A Overview of Donor Advised Funds
12B Overview of IRC Section 509(a)(3) Type III and 4947 Trusts
12C Overview of Conservation Easements
12D Overview of Credit Counseling Organizations
12E Down Payment Assistance Programs
12F Overview of IRC Section 521 – Farmers’ Cooperatives
12G Overview of Low-Income Housing Tax Credit Limited Partnerships
13 Less Frequently Seen Subsections

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Lesson 1

Introduction

Overview

Introduction Unit 2 provides technical instruction for Internal Revenue Code sections most
commonly encountered in Grade 12 determination cases. This course includes
in-depth lessons, overviews of specialized topics that are reserved for specific
groups, and overviews of Grade 13 topics.

Note: Training modules are being developed for reserved topics and will be
presented as needed; Unit 3 is being developed for Grade 13 topics and will
be presented to agents upon promotion to the Grade 13 level.

Topics covered in this training include:

• Economic development
• Elderly and low-income housing
• For-profit related organizations
• Fundraising as primary activity
• 509(a)(3) Type I and II organizations
• Less frequently seen subsections
• Overview of Grade 13 topics
• Overview of case topics reserved for specific work groups

Course After completing this course you be able to:
Objectives
• Identify issues related to each topic

• Recognize higher graded issues and issues that are reserved for
specific work groups

• Work grade 12 cases within each of these topics

Introduction
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Introduction
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