CPAR Taxes

CPAR - 2021/July, Seg 5 - Tax-Exempt Status: Jeopardizing Activities

To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes as set forth in section 501(c)(3). But what are the activities that could potentially jeopardize tax-exempt status? Allen Fetterman, an instructor for Kaplan Financial Education describes the four major areas of concern for 501(c)(3)organizations when it comes to maintaining their tax-exempt status. He reviews in detail inurement, lobbying, political activities and unrelated business income.

Learning Objectives:

  • Identify the four major areas of concern with regards to jeopardizing tax-exempt status;
  • Describe what is meant by the term "inurement";
  • Recognize the lobbying and political activities that could jeopardize tax-exempt status; and
  • Describe the unrelated business income activities that nonprofit organizations need to be aware of.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.


Speaker / Author:

Allen Fetterman has served on the American Institute of CPAs Not-for-Profit Organizations Committee, Not-for-Profit Audit and Accounting Guide Task Force and Joint Trial Board. He has chaired the New York State Society of CPAs Not-for-Profit Organizations, Professional Ethics, Audit, and Quality Controls Committees and the AICPA Joint Trial Board. He has also served as Vice-President of the New York State Society of CPAs and as a Trustee of the Foundation for Accounting Education. Allen lectures extensively on not-for-profit accounting, auditing, federal single audits, tax-exempt issues and governance.

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1523-FM

Release Date : 07/22/2021
Expire Date : 09/10/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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