CPAR Taxes

CPAR GOV/NFP - Vol. 2020 - No. 4 - 01 - Tax Developments on Tax-Exempt and Government Entities - Part I

On October 15, 2020, the IRS and the Treasury issued final regulations for determining the excise tax applicable to the net investment income of certain private colleges and universities. The guidance amends the Foundation and similar Excise Tax Regulations under 25 CFR part 53 by adding final regulations under section 4968 of the IRC. In addition to section 4968, there are proposed regulations on the excise tax on executive compensation under section 4960 and final regulations under section 512(a)(6) on unrelated business taxable income and siloing requirements. Eva Mruk, director of the Tax Exempt Advisory Group at PKF O'Connor Davies, LLP, discusses the upcoming changes and how they affect tax-exempt organizations.

Learning Objectives:

  • Identify provisions the IRS focuses on with respect to nonprofit organizations;
  • Understand the changes in the final regulations under IRC section 4968;
  • Recognize the provisions on excise tax on executive compensation under IRC section 4960 proposed regulations; and
  • Identify the purpose of the final regulations on unrelated business income under IRC section 512(a)(6) and the offsetting activities to minimize tax.

Prerequisites/Advanced Preparation:

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

Speaker / Author:

Eva Mruk, director of the Tax Exempt Advisory Group at PKF O'Connor Davies, LLP.


Price (USD)

Standard: $69.90


Course Code : CPAR1495-FM

Release Date : 02/19/2021
Expire Date : 04/12/2023
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

Included In

Returning Subscribers

- OR -