Tax-Exempt Status (On-Demand) 2019

Description

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

▪ 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

Provider
AICPA
Course Level
Basic
CPE Field of Study
Taxes
2
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.
Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
2
Format
On-Demand

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$59.00

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$69.00
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Tax-Exempt Status (On-Demand) 2019


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