Managing Exempt Status for Nonprofit Entities


Navigating tax rules and forms can be complicated for nonprofit organizations. This course provides a current, practical overview of key filing requirements, common pitfalls, and best practices to maintain federal tax-exempt status.

Geared towards accountants, executive directors, board members, and other professionals who support 501(c)(3) public charities, the course will guide you through determining which version of Form 990 is required based on gross receipts tests. You'll learn how to calculate due dates under both fiscal and calendar year-ends, plus get an update on mandatory electronic filing rules now in effect. The course covers key strategies to avoid penalties for incomplete returns - an all-too-common pitfall. We'll equip you to spot "red flag" activities that could jeopardize an organization's tax-exempt status down the road. You'll also learn best practices around unique tax issues like properly handling gaming revenue and noncash donations. Finally, if the unfortunate does happen, we walk through how to apply for reinstatement if an organization loses its tax-exempt status.

Learning Objectives

After completing this course, students will be able to:

  • 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, EAs, other tax and finance professionals, working to inform themselves of the most common tax issues of a 501(c)(3) organizations

Advanced Preparation


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