Tax-Exempt Organizations-Planning and Compliance for Tax Matters (Virtual)  (TEO4-VIR)

4.00 CPE Credit Hours

Tax-exempt organizations are subject to a variety of complex tax rules and can be exposed to penalties if their everyday operations are not carefully monitored. The IRS is expanding audit coverage of all types of exempt organizations, concentrating on "governance" issues. This program addresses, from a transaction planning and compliance perspective, the major tax issues exempt organizations face.

Designed For
Practitioners with planning and compliance responsibility for tax-exempt organizations. May also be suitable for public practice.

Objective
Participants will be able to:

• Recognize unrelated business taxable income (UBTI) issues
• Apply tax law to calculation of UBTI
• Report UBTI correctly
• Recognize the exceptions to the UBTI rules
• Understand the tax implications of advertising and sponsorship
• Understand and properly handle unrelated debt-financed income
• Recognize other unrelated business taxable income issues
• Determine appropriate handling of political activity and legislative lobbying
• Recognize when intermediate sanctions are applicable and what rules must be observed to avoid exposure to them
• Recognize circumstances where disclosure is necessary and when exceptions to the general disclosure rules exist
• Understand the tax return's focus on management and policies

Highlights

• Exceptions to the UBTI rules
• Organizations with complex UBTI issues
• Advertising and sponsorship
• Unrelated debt-financed income
• Political activity and legislative lobbying
• Intermediate sanctions and disclosure and disclosure rules
• Governance and management
• Tax-exempt organization cases and rulings

Prerequisites
Experience with tax-exempt organizations

Advanced Preparation
None

Developer
Kaplan Loscalzo

Presenters
Ed Zollars,

Level of Knowledge
Advanced