How to Keep Tax-Exempt Organizations in Compliance Training Class

Course ID: 20990

How to Keep Tax-Exempt Organizations in Compliance Training Seminar

Comply With the Complex Rules Governing Tax-Exempt Organizations

Do you know all the ins and outs of tax-exempt compliance? Even inadvertently breaking the rules can jeopardize tax-exempt status. Join us at this seminar to get the information you need to stay current on the latest regulations, study the impact of Sarbanes-Oxley on tax-exempt organizations, avoid intermediate sanctions and ensure accounting practices are up to par. Get answers to your tax-exempt compliance and operational questions. Register today!

Gain strategies for safeguarding directors, officers and executives from potential liability.
Create an environment of accountability by establishing comprehensive internal controls.
Follow annual reporting requirements and comply with the rules governing disclosures and solicitation.
Know how to identify what qualifies as unrelated business income - and what the exceptions are.
Adhere to the accepted guidelines for determining appropriate executive compensation.


	Agenda
	INTRODUCTION TO TAX-EXEMPT ORGANIZATIONS 8:30 - 10:00, Michael Cherewka Advantages of Incorporation vs. Unincorporated Entities Form of Organization and Governing Instruments Categories of Tax-Exempt Organizations: Private Foundations vs. Public Charities Protecting Directors, Officers and Nonprofit Executives from Potential Liability How to Become Tax-Exempt NONPROFIT ACCOUNTING 10:15 - 11:15, Jane L. McCurdy Accounting for Contributions, Grants, Expenses and Allocations Proper Disclosure Through Financial Statements Establishing Accountability Through the Use of Internal Controls Preventing Fraud MAINTAINING TAX-EXEMPT STATUS 11:15 - 12:15, Jane L. McCurdy Annual Reporting Requirements Dealing With Other Tax Returns Complying With Rules on Disclosures and Solicitation Revocation of Exempt Status; Retroactive Effect Appeal of Adverse IRS Determinations; Administrative Remedies DEALING WITH UNRELATED BUSINESS INCOME 1:15 - 2:15, Suzanne S. Friday What Constitutes Unrelated Business Income Taxation of Unrelated Business Income Exceptions to Unrelated Business Income INTERMEDIATE SANCTIONS 2:30 - 3:30, Suzanne S. Friday Defining Private Inurement and Private Benefit Determining Reasonable Executive Compensation Properly Handling Donations Excess Benefit Transactions Strategies for Compliance Penalties for Non-Compliance THE IMPACT OF SARBANES-OXLEY AND THE ERA OF CORPORATE GOVERNANCE ON NONPROFIT ORGANIZATIONS 3:30 - 4:40, Guy P. Beneventano Sarbanes-Oxley: A Brief Walkthrough of the Act Applicability of Sarbanes-Oxley to All Companies (Public/Nonpublic) Board Governance Considerations Proposal to the Senate Finance Committee Government Accounting Office (GAO) Position Tax-Exempt Bonds Practical Considerations - Lessons Learned