Although 2014 and 2015 did not see Congress and the U.S. courts generate a large volume of new tax laws or precedents, many of the changes that the IRS made had a significant impact on nonprofit tax returns and the interpretation of tax laws and procedures. Unfortunately since 2011, over 450,000 organizations lost their tax-exempt status.
This course provides in-depth coverage of both the causes and solutions of this major issue. You will learn about new changes and how to avoid some of the major pitfalls that could be lurking in the next year. This course, which is a necessity for tax practitioners who must navigate through the IRS minefields of nonprofit tax laws and procedures, covers the following topics in detail:
• IRS 501(c)(4) problems and the crisis with nonprofit applications
• IRS revocation of tax-exempt status and a current update of solutions that are available to the victims of this harsh action – new procedures
• Form 990 changes for the 2014 tax-year
• IRS target areas
• New interactive Form 1023 EZ
• Nonprofit governance practices – new IRS emphasis
• GAO Report on Nonprofit Compliance
• Tax-motivated transactions or donative intent?
• Taxpayer Bill of rights
• IRS reorganization of nonprofit operation
• Court cases and rulings
Self-Study Course Instructions: FOR DOCUMENT-BASED COURSES Download the course document(s) (below) and follow prompts contained in the document. FOR RECORDED COURSES WITH VIDEO Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable. |
Identify recent tax changes that impact the filing of the Form 990 series of tax returns.
Understand and apply changes for obtaining reinstatement of IRS tax-exempt status.
Explain to clients how the currently challenged economy affects the nonprofit sector.
Avoid some of the legal pitfalls that could impact nonprofits in 2015.
Stuart Sobel Consulting Inc
President
sobel@taxmedianetwork.com
(317) 581-1827
Stuart “Stu” Sobel combines an in-depth knowledge of taxation and nonprofits with an ability to communicate clearly. A dynamic speaker, Stu seeks to help people understand the very complex world of taxation in every day terms. And he’s just the person to do it — Stu has been in the industry for 48 years. He worked in examination and high level positions at the IRS for 30 years. Following that, Stu spent nine years as the producer and host of his own nationally syndicated radio program called Wise Choices: Taxes and Charity Today. He also ran his own tax and nonprofit consulting firm for 12 years (Stuart Sobel Consulting, Inc.). He has helped create over 2,500 nonprofit organizations worldwide. His expertise on the topic of nonprofit taxation has earned him the title “The Guru of Giving.”
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