IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Nonprofit Joint Ventures – Partnering with For-Profit Organizations (OnDemand Webinar)

$149.00

SKU: 411082EAU

Description

Identify and understand the underlying tax principles involved with joint ventures and forprofit subsidiaries.In a postCOVID time of inflation and economic uncertainty of economic upheaval, nonprofits everywhere are struggling for new sources of funding and expense sharing as need for their services grows exponentially. Simultaneously, the nonprofit sector has seen an influx of social enterprises businesses designed not just to make a profit, but to further social goals. Given these two trends, more and more nonprofits find themselves considering forprofit activities such as joint ventures in order to address their funding needs and the growing needs of the constituencies they serve. This topic will cover the basic tax issues for organizations contemplating entering forprofitnonprofit joint ventures, including IRS pronouncements and court cases to date It will also address and some drafting tips and practical issues that may arise in forming a joint venture. This presentation will help attorneys, nonprofit administrative personnel, and nonprofit financial advisors understand the parameters that govern joint ventures as they consider entering into new revenue arrangements.

Date: 2024-03-20 Start Time: End Time:

Learning Objectives

Exemption Issues
• Organizational and Operational Tests
• Private Inurement and Private Benefit
• Scope of Allowable For-Profit Activities for Exempt Organizations

UBTI Issues
• General Background
• UBTI Taxation of Partnerships
• C Corps, S Corps and Dividend as UBTI

Revenue Ruling 98-15: The Good, the Bad, and the Ugly
• Background: Whole Hospital Joint Ventures
• The Good Example
• The Bad Example
• The Ugly: What Happens When You Are Neither Good nor Bad

Post Revenue Ruling 98-15 Guidance
• Redlands
• David’s
• Ancillary Joint Ventures
• Updates Since St. David’s

Practical Tips and Drafting Hints
• Purpose Statements in Joint Ventures
• Board Control
• Management Agreements
• Debt Structures, Liabilities, and Other Traps

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.

Mike Thomas-theexceltrainer.co.uk

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Nonprofit Joint Ventures – Partnering with For-Profit Organizations (OnDemand Webinar)

$199.00

SKU: 406229EAU

Description

Identify and understand the underlying tax principles involved with joint ventures and forprofit subsidiaries.Taxexempt organizations participate in business partnerships and other newer forms of joint ventures. The nature of the venture, the relationship between the nonprofit and the forprofit party and degree of control over the joint venture requires an understanding of federal income tax issues. This material will include identifying potential loss of exempt status, unrelated business income tax, partnership tax reporting and other tax reporting requirements. It will also include the use of forprofit subsidiaries and planning considerations for maintaining their separate corporate identity. This material will help you identify and understand the underlying tax principles involved with joint ventures and forprofit subsidiaries. In addition, we will examine guidance for the consideration and adoption of a joint venture policy which is responsive to the questions in Part VI of Form 990.

Date: 2019-09-24 Start Time: End Time:

Learning Objectives

Income Tax Considerations
• What Is a Joint Venture?
• Loss of Tax-Exemption
• Unrelated Business Income

Partnership Tax Reporting
• Pass-Through of Income From Joint Venture
• Cases and Rev. Rul. 98-15 and Rev. Rul. 2004-51

For-Profit Subsidiaries
• Attribution vs. Separate Corporate Identity
• Agency Relationships
• Controlled Corporations and Subsidiaries

Reporting and Planning for Joint Ventures
• Disclosures: Schedule R and Form 990, Part VI
• Joint Venture Policy and Planning

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.

Louis E. Michelson, Esq.-Louis E. Michelson, A Professional Corporation