Managing Exempt Status for Nonprofit Entities

Overview

Navigating tax rules for nonprofits can be complex. This course offers a practical overview of key filing requirements, common pitfalls, and best practices to maintain federal tax-exempt status. It guides accountants and other professionals through Form 990 requirements, due dates, electronic filing rules, and strategies to avoid penalties. You’ll learn to spot activities that could jeopardize tax-exempt status and handle unique tax issues like gaming revenue and noncash donations. The course also covers applying for reinstatement if tax-exempt status is lost.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • Identify ways that 501(c)(3) organizations might inadvertently jeopardize their exempt status
  • Identify the Form 990 filing due dates for a 501(c)(3) organization
  • Calculate an organization's gross receipts in order to determine which version of Form 990 a 501(c)(3) is required to file
  • Identify other common issues 501(c)(3) organizations encounter that may trigger additional filing requirements

Tax Year: 2023

Designed For:

CPAs, Enrolled Agents, tax professionals, accountants, and other financial professionals 


WebCE® is 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. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None