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.
Course ID: TEOA
Tax Exempt Organizations — Advanced Planning and Compliance for Tax Matters
- ? Advise exempt organizations on a wide range of tax issues, including ? unrelated business income ? executive compensation ? fringe benefits ? unrelated debt financed income ? the tax treatment of special events ? Advise clients regarding lobbying expenditures ? Explain the intermediate sanction rules to organization managers ? Address issues faced by social clubs ? Deal with current IRS audit issues
? Common tax issues in exempt organizations ? Lobbying expenses (including Section 501(h) election) ? Intermediate Sanctions ? Relationships with controlled subsidiaries ? Tax issues relating to publications and advertising revenue ? Unrelated debt financed income – advanced issues ? Social clubs – special problems ? Other exempt organizations ? Case studies/Recent developments in federal taxation relating to exempt organizations ? Report on IRS audit initiatives directed at exempt organizations
DESIGNED FORCPAs with planning and compliance responsibility for tax exempt organizations
FIELD OF STUDY