Maintaining Tax Exemption: Not-for-Profit Tax Compliance

Online Course Available 24/7 CPE: 1.5 Format: On-Demand
COURSE DESCRIPTION

Exemption from federal income taxes is one of the privileges enjoyed by the vast majority of not-for-profits (NFPs). For charitable organizations, tax-exempt status also provides eligibility to receive tax-deductible contributions from donors. Failure to comply with federal laws and IRS reporting requirements can result in significant penalties and excise taxes at best, and loss of tax-exempt status at worst.

In this CPE course, you will learn about the organizational and operational requirements to establish and maintain tax exemption. Through real world examples, you will understand the more important areas where tax-exemption can be threatened. Also discussed are activities and transactions that NFPs should limit or avoid to protect their tax-exempt status.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Distinguish between organizational and operational requirements for charitable and other exempt organizations
Determine important areas where tax-exemption can be threatened
Identify situations that could result in IRS revocation of an organization’s tax-exempt status
MAJOR TOPICS
Establishing and protecting tax exemption
Tools to verify tax exemption
Protecting tax exemption
Organizational and operational issues
Recordkeeping and substantiation
Uncertain tax positions
Lobbying and political activities
Private inurement and benefit
Excess benefit transactions
Reasonable compensation
Excise taxes and penalties
Revocation of exempt status
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Tax
CPE FIELD OF STUDY
Taxes (1.5 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field.
INSTRUCTOR(S)
Brian Yacker
PREREQUISITES
Knowledge of not-for-profit sector and basic tax compliance requirements of exempt organizations
COURSE LEVEL
Intermediate

MACPA MEMBER


$ (% off)
$59.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$69.00
Price includes $xx early registration discount(s) - expires xx/xx
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