Date: 5/29/2025
Time: 12:00 PM - 4:00 PM EST
CPE Credit: 4 hours

This four-hour webcast is designed and presented as providing attendees with pertinent information with respect to a basic introduction of various tax ramification of these types of entities often referred to as non-profit (eleemosynary) or Yellow Book engagements.

Topics Covered:

· Overview of tax-exempt organizations
· Situations in which a new exemption application is and is not required
· Effect of lobbying and grassroots expenditures
· Revocation and suspension of exempt status
· Reporting requirements for tax-exempt organizations in general
· Who must file Forms 990 and 990-EZ
· IRC §527 political organizations
· Returns when exempt status is pending
· Information required on return
· When to file Form 990 or Form 990-EZ
· Filing Form 990 or Form 990-EZ electronically
· Signing Form 990 or Form 990-EZ
· Reporting contributions on Schedule B
· Exceptions from the annual return requirement
· Notification requirements for organizations with gross receipts of $50,000 or less
· Penalties for failure to file annual return or for failure to include required information
· Revocation of tax-exempt status
· Disclosure of prohibited tax shelter transactions
· Who must file Form 8886-T
· When to file Form 8886-T

Learning Objectives:

●Provide the tax practitioner with basic knowledge to assist with learning the intricacies of tax-exempt organization establishment and reporting
●Provide the tax practitioner with an overview of the tax-exempt organization arena