Description
Learn how to maintain your clients’ tax exemptions and avoid the many pitfalls in this area of tax law.Many advisers to nonprofit organizations in the U.S. may be uncertain of what incomeearning activities are permitted and what activities may jeopardize such organizations’ tax exemptions. They may also be unsure of how to manage such activities in such a way as to reduce applicable risks. Due to the many exceptions and exceptions to exceptions in this area of tax law, many professionals need a map of the issues.
Date: 2022-03-24 Start Time: End Time:
Learning Objectives
Basics of Nonprofit Earned Income • Consequences
• Unrelated Business Income Tax • Introduction
• Sanctions/Penalties
• Impact on Exemption
Unrelated Business Income Tax
• Detailed Rules of Operation
• Exception for Exempt Functions
• Passive Activity Exception
• Unrelated Debt-Financed Income
Reporting
• Federal Tax Returns
• Special Rules Regarding Separate Trades or Businesses
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
William M. Funk, Esq.-Law Office of William M. Funk
