Do you know all the ins and outs of tax-exempt compliance? Even inadvertently breaking the rules can jeopardize tax-exempt status. Use this fundamental overview to avoid intermediate sanctions, ensure accounting practices are up to par, and stay current on the latest regulations. Study the impact of Sarbanes-Oxley on tax-exempt organizations, and get answers to your tax-exempt compliance and operational questions. Order today!

1. Introduction to Tax-Exempt Organizations
2. Nonprofit Accounting
3. Governance Structures and Fiduciary Duties
4. Reporting Obligations
5. Fundraising Solicitations and Disclosure
6. Unrelated Business Taxable Income
7. Private Benefit Issues
8. Current Case Law and LEgislative Updates Impacting the Tax-Exempt Organizations

1. INTRODUCTION TO TAX-EXEMPT ORGANIZATIONS
   8:30 - 9:30, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. Advantages of Incorporation vs. Unincorporated Entities
   2. Form of Organization and Governing Instruments
   3. Categories of Tax-Exempt Organizations: Private Foundations vs. Public Charities
   4. How to Become Tax-Exempt
2. NONPROFIT ACCOUNTING
   9:30 - 10:30, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. Accounting for Contributions, Grants, Expenses and Allocations
   2. Proper Disclosure Through Financial Statements
   3. Establishing Accountability Through the Use of Internal Controls
   4. Preventing Fraud
3. GOVERNANCE STRUCTURES AND FIDUCIARY DUTIES
   10:45 - 11:15, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. Member vs. Non-Member Corporations
   2. Board of Directors: Structure, Duties and Liability
4. REPORTING OBLIGATIONS
   11:15 - 12:00, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. The Application for Exemption and Notices of Change Thereafter
   2. Annual Reporting Requirements
   3. Compilations, Reviews and Audits, Including Impact of Sarbanes Oxley and New York State Requirements
   4. The New 990 - What We Have Learned One Year Later
   5. Impact of FIN48 and Uncertain Tax Positions
5. FUNDRAISING SOLICITATION AND DISCLOSURE
   1:00 - 2:00, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. Fundraising vs. Gaming Activities and Related Disclosures
   2. Public Support Tests
   3. Cash vs. Non-Cash Contributions
6. UNRELATED BUSINESS TAXABLE INCOME
   2:00 - 3:00, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. What Constitutes Unrelated Business Income
   2. Taxation of Unrelated Business Income
   3. Exceptions to Unrelated Business Income
7. PRIVATE BENEFIT ISSUES
   3:15 - 4:15, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. Defining Private Inurement and Private Benefit
   2. Transactions With Interested Persons
   3. Intermediate-Sanctions Rules
   4. Executive Compensation
   5. Joint Ventures
8. CURRENT CASE LAW AND LEGISLATIVE UPDATES IMPACTING THE TAX-EXEMPT ORGANIZATIONS
   4:15 - 4:40, Michael A. de Freitas, Susan J. Facer and Rosemarie C. Steeb
   1. New York Legislative Developments
   2. Other Tax Law Developments

MICHAEL A. de FREITAS is an attorney with William C. Moran & Associates, P.C. in Buffalo, New York, where he represents not-for-profit organizations throughout the state in matters of corporate, contract, real estate, tax exemption and other regulatory law. Mr. de Freitas has served on and chaired boards of directors of not-for-profits and has written and lectured on not-for-profit and corporate law. He earned his B.A. degree from Holy Cross College and his J.D. degree from Cornell University.

SUSAN J. FACER is an attorney in the firm of William C. Moran & Associates, P.C. in Buffalo, New York. Ms. Facer concentrates her practice in areas of law affecting non-profit organizations. Her services range from the creation of an initial tax exemption work for new organizations to ongoing planning for existing non-profits, including developing strategies for avoiding unrelated business income, establishing public and private foundations, planning mergers between non-profits, facilitating cross border transactions, and structuring affiliations between non-profit organizations and for-profit companies. Ms. Facer earned her B.A. degree, summa cum laude, from Houghton College and her J.D. degree, magna cum laude, from the State University of New York at Buffalo Law School.

ROSEMARIE C. STEEB is a part time tax principal at Chiampou Travis Besaw & Kershner LLP, as well as owner of Rosemarie C. Steeb, CPA tax practice in Depew, New York. Her experience is in income tax compliance and advisory services focused on exempt organizations (including public charities and private foundations), individuals (including reporting for domestic employees) and trusts (including pension and liquidating trusts). Ms. Steeb also represents taxpayers as an advocate in federal and state tax controversy and examination matters, as well as serves as instructor for a variety of technical and non-technical courses. She earned her B.S.B.A. degree from Rockhurst College in Kansas City, Missouri. Ms. Steeb is a member of the Professional Advisors Honor Roll for the Community Foundation of Greater Buffalo, and serves as treasurer for both the New York State Society of CPAs Buffalo Chapter and the National Federal for Just Communities of Western New York, Inc.

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