In 2013, the IRS reported that tax exempt organizations held over $3.5 trillion in assets and received more than $1.8 trillion in gross receipts. Given the amount of money that passes through nonprofit organizations, it is not surprising that the IRS has increased its focus on these organizations. This webinar, offered by a leading tax controversy attorney will introduce attendees to:
The procedures to request and receive Section 501(c)(3) tax exempt status.
The requirement that the organization be organized for an exempt purpose and that it operate exclusively for exempt purposes. This discussion will include an analysis of the restrictions related to the organization’s ability to engage in for-profit activities.
The requirement that the organization not operate in a manner that results in providing private inurement to shareholders or a prohibited private benefit. This discussion will include an analysis on how the IRS evaluates compensation and payments for goods and services.
The Unrelated Business Income Tax, when it is required and how it is calculated.
The procedures to challenge a denial or revocation of exempt status at the administrative level as well as in Tax Court.
"Excellent presentation & materials."
"Great information and great delivery - especially liked the specific examples provided."
"Very good presentation. Great slides of information and examples. Nice speed and coverage for the webcast. Perfect level of information for me as a bit of a novice on non profits. Very enjoyable hour & a half. Thanks much."
"The session was very informative and well presented -- very good presentation!"
"This Webinar was very informative. I learned some things about non profit reporting that I did not know."
"This was an excellent course. I assist a 501(c)(3) organization on a volunteer basis and the information was detailed, well-presented, and will definitely help me in my volunteer work. Thank you!"
Jairo G. Cano is an associate with Agostino & Associates, P.C. He regularly represents clients in complex Federal and State tax controversy matters before the Internal Revenue Service, the New Jersey Division of Taxation and New York Department of Taxation and Finance. Jairo routinely appears on behalf of clients in audits, Appeals hearings, collection proceedings and litigation before the United States Tax Court, New Jersey Tax Court and United States District Courts.
Prior to joining Agostino & Associates, Jairo worked for the New Jersey Office of the Attorney General in the Treasury Section where he handled gross income tax, corporation business tax, sales & use tax and various other tax cases.
Jairo currently serves as Vice-Chair of the ABA Tax Section’s Diversity Committee. In 2015, Jairo was selected as a Nolan Fellow by the American Bar Association’s Tax Section. Each year, this award is given to a select group of outstanding young tax lawyers from across the country who make significant contributions to the organization and who demonstrate leadership qualities.
Jairo graduated from Seton Hall University School of Law and obtained an LL.M. degree in Taxation from the University of Florida Levin College of Law.
CPAwebengage, Inc. (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211
CPAwebengage, Inc. (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary. <br/><br/> <strong>CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211</strong>