Not-for-Profit Tax Compliance Track

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Overview

8.5 Credits
ONLINE

Learn from the experts with this video-based, on-demand e-learning experience. Set yourself apart and get the tools and strategies you need to sharpen your skills in not-for-profit (NFP) tax compliance. The program builds on the core concepts as you get insights from industry leaders.

Objectives

  • Identify the process to prepare the Form 990 core form and accompanying schedules.
  • Determine the effect of a particular transaction or significant event for Form 990 reporting.
  • Distinguish between organizational and operational requirements to maintain federal tax-exempt status.
  • Determine when an organization could be subject to unrelated business income taxes (UBIT) and differentiate between the more common exceptions and exclusions that apply.

Major Topics

  • IRS filing requirements, including Forms 990 and 990-T
  • Reporting thresholds
  • Reasonable cause abatement
  • Unrelated business income (UBIT), exceptions and exclusions
  • IRS audit activity
  • Public support test
  • Establishing and protecting tax exemption
  • Excess benefit transactions
  • Common red flags

Designed For

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
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