Tax exemption status has been taken for granted and a lot of organizations take advantage, and even though Form 990 is available to the public, the IRS feels there is not enough transparency. Organizations tend to forget that tax exemption is a privilege, not a right! Eva Mruk, director of the Tax Exempt Advisory Group at PKF O'Connor Davies, LLP gives us her views as to the rationale behind the IRS's position to start taxing nonprofit organizations and how this tax is different from a for-profit corporation tax. She also discusses the developments in donor-advised funds and the proposed regulations under IRC section 4567 and sheds some light on the IRS Modernization Plan and how it may potentially increase the risk of examinations.
Work experience in tax planning or tax compliance, or an introductory course in taxation.
Eva Mruk, director of the Tax Exempt Advisory Group at PKF O'Connor Davies, LLP.
Course Code : CPAR1496-FM