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Nutsandbolts501 agostino

NUTS & BOLTS OF ORGANIZING AND OPERATING A SECTION 501(c)(3) NON-PROFIT

Cost Free
Presentation Length 1.5 hours

Recorded DateMarch 13, 2017
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

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:

Learning Objectives

  • 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​.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Jairo Cano

Agostino & Associates
Tax Attorney

(201) 488-5400 x144

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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.

About Our Presenter

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With more than 25 years of experience in tax, Agostino & Associates provides award-winning service to our clients. Their team of tax experts strives to ensure their clients reach the successful outcomes they deserve.