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Sponsored by Lorman Education
Product ID: 404633EAU
 
Credit & Course Provided by:

Obtaining and Sustaining a Tax-Exempt Status

OnDemand Webinar (88 minutes)

Gain a better understanding of the application process and identify key issues when preparing an exemption application.Many organizations receive recognition of tax-exempt status under Code Section 501(c)(3) but often do not understand the ongoing compliance requirements to maintain such status including the ramifications of noncompliance. This topic helps individuals who are assisting organizations apply for tax-exempt status under Code Section 501(c)(3) understand the application process and to identify key issues when preparing an exemption application. This material also reviews key issues relating to maintaining tax-exempt status such as annual filling requirements as well as areas that can result in audit or even revocation of tax-exempt status.

Authors

Anita Pelletier, Nixon Peabody LLP

Agenda

Nonprofit to Tax-Exempt

• State vs. Federal

• Key Differences

Apply for 501(c)(3) Status

• What Is Charitable?

• Keys to Preparing a Successful Application

• Form 1023-EZ - Qualifying to File

Key Issues to Maintain Tax-Exempt Status

• Annual Filing Requirements With IRS

• Private Inurement/Private Benefit

• Conflicts and Compensation

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info