This webinar will be the best guide to issue spotting potential problems a non-for-profit may come across and how to appropriately handle them. The IRS allows certain organizations to not pay taxes as long as they meet strict guidelines. Violating these guidelines can have strict and harsh ramifications for the non-for-profit and the people in charge of the organization.
This webinar will help to first properly classify the exempt organization in order to determine what kind of reporting requirements it may have and what kind of other responsibilities it may have.
Since the IRS allows exempt organizations to not pay taxes, there are strict rules to not allow the exempt organization to have unfair competition against regular businesses. These are their unrelated business income tax. This webinar will go deep into what is unrelated business income and what that means for the organization.
Self-dealing is another major issue that arises in exempt organizations, so we will discuss how to identify self-dealing along with what to do if self-dealing has occurred. We will also look at intermediate sanctions as well.
Several things could impact exempt organizations' exempt purposes. We will look at each of these along with things the organization can do to avoid losing its exempt status.
Areas Covered
Course Level - Basic/Intermediate
Who Should Attend
Why Should You Attend
Tax-exempt organizations have many different rules they need to follow in order to keep their tax-exempt status and to avoid potential penalties for the people in charge of the exempt organization.
This webinar will go through the most important issues facing tax-exempt organizations from a tax standpoint. At the end of the webinar, you will be able to issue spot possible major issues facing a tax-exempt organization.
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