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

Tax-Exempt Status Reinstatement: An Update on the New Procedures (OnDemand Webinar)

$219.00

SKU: 411050EAU

Description

Understand the process for applying for reinstatement, and identify common issues faced by organizations before and after revocation.Taxexempt organizations may be surprised to find that their taxexempt status has been automatically revoked by the IRS. Often, this may be the result of issues within the organization, or confusion about requirements for taxexempt organizations. This can make the process for applying for reinstatement of taxexempt status more complicated than expected. This presentation will help taxexempt organizations understand the process for applying for reinstatement, and identify and address common issues faced by organizations before and after revocation. The live webinar will also present examples of revocations and reinstatements. This workshop will help taxexempt organizations avoid common pitfalls and help set taxexempt organizations up for success when applying for reinstatement of taxexempt status.

Date: 2024-02-16 Start Time: End Time:

Learning Objectives

Overview of Streamlined Retroactive Reinstatement
• Who’s Eligible
• Steps to Apply

Overview of Full Retroactive Reinstatement (Both Within and After 15 Months)
• Who’s Eligible
• Steps to Apply

Reasonable Cause Statement
• Overview
• Examples

Issues Faced by Organizations Before and After Revocation
• Overview
• Examples

Examples/Case Studies of Reinstatements
• Examples of Different Types of Reinstatements, and Considerations Presented by Each

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.

Drew Douglas-Steele-Casner & Edwards, LLP

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

Tax-Exempt Status Reinstatement: An Update on the New Procedures (OnDemand Webinar)

$199.00

SKU: 405882EAU

Description

Gain a better understanding of the lapse period filing requirements and associated planning steps.Taxexempt organizations sometime lose their taxexemption. The impact of the loss of taxexemption can have severe consequences for the organization’s finances and potentially can adversely affect its contractual relationships and its status with government regulators. This topic will address the lapse period filing requirements and associated planning steps. The material explains the four avenues for reinstating federal exemption which set forth in Revenue Procedure 201411 starting with the streamlined retroactive reinstatement using Form 1023EZ. It will also include the retroactive reinstatement within the 15 month window (of certain critical dates) and after the 15 month window and explores the requirements for the required Reasonable Cause Statements. Finally, it will introduce prospective reinstatement of federal exemption.

Date: 2019-10-04 Start Time: End Time:

Learning Objectives

Loss of Federal Tax-Exempt Status
• Common Causes
• Automatic Loss of Exemption
• Revocation in Error

Impact of Revocation
• Actions During Lapse Period
• Notifications
• Filing Requirements
• Planning

Proc 2014-11 Procedures
• Federal Reinstatement: Critical Dates
• Streamlined Retroactive Reinstatement
• IRS Form 1023-EZ and Eligibility
• Retroactive Reinstatement Within 15 Months
• Reasonable Cause Statements
• Retroactive Reinstatement After 15 Months
• Prospective Reinstatement

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