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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Tax Exempt Organizations: Advanced Planning and Compliance For Tax Matters (TEOA)

(Updated for the Tax Cuts and Jobs Act) 8-Hour Program

WHY ATTEND THIS COURSE?

Tax exempt organizations are subject to a variety of complex tax rules and can be exposed to penalties if their everyday operations are not carefully monitored. The IRS is expanding audit coverage of all types of exempt organizations, concentrating on “governance” issues. This program addresses, from a transaction planning and compliance perspective, the major tax issues exempt organizations face.

DESIGNED FOR...

CPAs with planning and compliance responsibility for tax exempt organizations. May also be suitable for public practice.

OBJECTIVE

Participants will be able to:

  • Advise exempt organizations on a wide range of tax issues, including:
    • unrelated business income
    • executive compensation
    • fringe benefits, including those which will be treated as unrelated business taxable income if paid to employees under provision added by the Tax Cuts and Jobs Act
    • unrelated debt financed income
    • the tax treatment of special events
  • Advise clients regarding lobbying expenditures
  • Explain the intermediate sanction rules to organization managers
  • Address issues faced by social clubs
  • Deal with current IRS audit issues

MAJOR SUBJECTS

  • Common tax issues in exempt organizations
  • Lobbying expenses (including Section 501(h) election)
  • Intermediate sanctions
  • Relationships with controlled subsidiaries
  • Tax issues relating to publications and advertising revenue
  • Unrelated debt financed income—advanced issues
  • Applying the per business UBIT calculation imposed by the Tax Cuts and Jobs Act
  • Social clubs—special problems
  • Other exempt organizations
  • Case studies/recent developments in federal taxation relating to exempt organizations
  • Report on IRS audit initiatives directed at exempt organizations

COURSE ACRONYM: TEOA

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Advanced

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes/Tax-Exempt Organizations

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.