Not-for-Profit Accounting, Tax, and Reporting Requirements

Combining the proven guidance of the previous, bestselling edition with all of the latest regulatory information, Edward McMillan delivers a one-stop reporting resource for not-for-profits in Not-For-Profit Accounting, Tax, and Reporting Requirements, Second Edition.

McMillan's step-by-step guide helps your not-for-profit apply for tax-exempt status, handle IRS audits, set up a wholly owned taxable subsidiary, anticipate tax implications of lobbying expenses, and perform a host of other functions.

• All-new coverage of the basics of complying to the new Form 990
• New discussions on political action committees, new lobbying issues, grant accounting and complying with OMB Circular A-122 and Yellow Book accounting, fiduciary responsibilities of boards and staff, and much more
• Contains dozens of checklists, sample letters, and illustrative charts demonstrating how to apply the principles and requirements described

A peerless reference for this dynamic field, Not-for-Profit Accounting, Tax, and Reporting Requirements, Second Edition gives your nonprofit a straightforward guide to simpler financial structure and reporting obligations.

EDWARD McMILLAN is a Certified Public Accountant and Certified Association Executive, and a nationally recognized speaker on not-for-profit financial and management topics since 1992 for the United States Chamber of Commerce, the American Society of Association Executives, the American Institute of Certified Public Accountants, the American Chamber of Commerce Executives, and Destination Marketing Association International. He is also the author of Not-for-Profit Budgeting and Financial Management, Fourth Edition and Model Policies and Procedures for Not-for-Profit Organizations, Fourth Edition both published by Wiley. His articles have appeared in publications including Association Management, Leadership, and Dollars and Cents.