Designed for CPAs, Enrolled Agents, tax managers, controllers, trustees, financial planners, and executive directors, this 12 meetings course presents tax-related guidelines and key issues for nonprofit organizations. Topics covered include a step-by-step process for corporate formation and application for recognition of tax-exempt status, unrelated business income, taxation of commercial activities conducted through joint ventures and […]
Entries Tagged as 'intermediate sanctions'
New UCLA Extension Class: Tax Reporting and Governance for Nonprofit Organizations
March 2nd, 2015 · Comments Off on New UCLA Extension Class: Tax Reporting and Governance for Nonprofit Organizations · California Exempt Status, California nonprofit law, Federal Income Taxes, Governance, intermediate sanctions, Loss of Tax-Exempt Staus, policies and procedures, Private foundations, tax exemption, tax returns
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IRS Employment Tax Initiative
April 3rd, 2010 · Comments Off on IRS Employment Tax Initiative · Charity, employment taxes, expense reimbursement, Federal Income Taxes, intermediate sanctions
Beginning in February, 2010, the IRS is conducting its first Employment Tax National Research Project since 1984. For the first time, this project will include audits of exempt organizations. Of the 6,000 companies to be audited, some 500 audits of exempt organizations should be expected. The IRS will be focusing on four employment tax compliance […]
Tags:automatic excess benefit·Charity·employment tax·excess benefit transaction·worker classification
Six Important Facts about Tax-Exempt Organizations
March 25th, 2010 · Comments Off on Six Important Facts about Tax-Exempt Organizations · Charity, employment taxes, Federal Income Taxes, Governance, intermediate sanctions
The IRS just published six important facts about tax-exempt organizations: reproduced in full below: Every year, millions of taxpayers donate money to charitable organizations. The IRS has put together the following list of six things you should know about the tax treatment of tax-exempt organizations. 1. Annual returns are made available to […]
Tags:charitable contributions·disclosure rules·donor lists·how to find tax-exempt organization·how to report inappropriate activities