This book describes the legal requirements for operating a land trust and keeping good organizational and transaction records. It teaches readers how to develop and implement policies to guide how a land trust creates, collects, retains, stores, protects, and disposes of these types of records. It also covers the issue of tax exemption, including the major requirements for maintaining charitable tax-exempt status and an overview of IRS Form 990.
Year: 2008
Topic tags: Federal Law (non-tax), Federal Tax Law, Land Trust Standards and Practices, and Recordkeeping
Related guides: Recordkeeping for Conservation Easement Stewardship