Background
Sughrue, Robert Norman was born on June 20, 1949 in New York City. Son of Henry Gordon and Ann Catherine Sughrue.
( Though frequently used interchangeably, the terms tax-e...)
Though frequently used interchangeably, the terms tax-exempt organization and nonprofit organization do not carry the same legal definition. Nonprofit enterprises are those that do not distribute earnings in the form of dividends or distributions, so while all tax-exempt organizations are nonprofit, not all nonprofit organizations are necessarily tax-exempt. This work provides a comprehensive look at the federal Internal Revenue code governing tax-exempt status, carefully detailing the criteria specified in the code and related Treasury Regulations. Also outlined are the presribed procedures for filing for tax-exempt status. Robert N. Sughrue and Michelle L. Kopnski present a thorough discussion of the various types of tax-exempt organizations and the characteristics unique to each. Sections 501(c), 521, 527, and 528 of the Internal Revenue Code are closely analyzed, and the organizational tests of 501(c)(3) institutions are provided. In addition, accounting systems for tax-exempt organizations, internal controls, and reporting requirements are also covered. Among the other topics addressed by Sughrue and Kopnski are unrelated business taxable income, private foundations, financial considerations in tax-exempt and other nonprofit organizations, and financial considerations and practical applications. Students and professionals in the fields of finance, investment, accounting, and law will find this work to be a useful reference tool, and academic, public, and law libraries will consider it a worthwhile addition to their collections.
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Sughrue, Robert Norman was born on June 20, 1949 in New York City. Son of Henry Gordon and Ann Catherine Sughrue.
Bachelor of Business Administration, Duquesne University, 1971.
Staff accountant, Ling-Temco-Vought Steel Corporation, Pittsburgh, 1973-1976; staff auditor, Ling-Temco-Vought Steel Corporation, Pittsburgh, 1976-1978; staff auditor, Blue Cross Western Pennsylvania, Pittsburgh, 1979-1981; senior auditor, Blue Cross Western Pennsylvania, Pittsburgh, 1981-1984; manager payroll services, Blue Cross Western Pennsylvania, Pittsburgh, 1984-1986; manager fiscal affairs, Pittsburgh Research Institute, 1986-1995; grants administrator, Duquesne U., Pittsburgh, since 1995. Consultant in field, Pittsburgh, since 1986. Public arbitrator National Association Securities Dealers, New York City, since 1990.
( Though frequently used interchangeably, the terms tax-e...)
President Allegheny County Transit Council, Pittsburgh, 1989-1991, vice president, 1988-1989. Member Institute Management Accountants.
Married Beverly K. Kachurik, January 21, 1977. Children: Shannon S., Valerie L.