Tax-Exempt Status: Not-for-Profit Tax Compliance

Online Course Available 24/7 CPE: 2.0 Format: On-Demand
COURSE DESCRIPTION

Because not-for-profits (NFPs) exist to fulfill a public need, they must comply with federal laws to obtain and maintain tax-exempt status.

This CPE course focuses on the tax compliance fundamentals for charitable organizations and gives insight into issues of the various types of other tax-exempt organizations in the NFP sector, such as business leagues, associations and fraternal organizations, among others. Topics covered include applying for exemption, eligibility to receive tax-deductible contributions, the public support test for public charities, and an overview of activities that may jeopardize an NFP’s tax-exempt status.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Recall what it means to have tax-exempt status
Differentiate between and recognize the basic compliance requirements of various types of tax-exempt organizations, including charitable organizations
Identify the IRS filing requirements for exempt organizations
Recall the activities that a tax-exempt organization should limit to protect its tax-exempt status.
Identify the criteria for qualifying as a 501(c)(3) charitable organization and those organizations that may qualify as publicly supported
Recall how to perform the public support test calculation
MAJOR TOPICS
The meaning of tax-exempt status
Exempt organizations in the NFP sector
501 (c)(3) charitable organizations
Public charities
Public support test requirement
Private foundations
Other tax-exempt entities
Eligibility to receive tax-deductible contributions
Life cycle of an exempt organization
Applying for exemption
Required filings
Ongoing compliance requirements
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Tax
CPE FIELD OF STUDY
Taxes (2.0 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP board members who need an overview of tax-exempt status and basic compliance issues facing not-for-profits.
PREREQUISITES
None
COURSE LEVEL
Basic

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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