Live Seminar

Tax Exempt Organizations From Start to Finish

Seminar

Date:

Wednesday, May 16, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78937ER

Location:

Radisson Hotel Phoenix Airport

427 North 44th Street

Phoenix, AZ 85008

$359.00

$349 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • AZ CLE - 6.00

CPE for Accountants

  • Continuing Professional Education for Accountants - 7.00
  • CPE for Accountants/NASBA - 7.00

Program Description

Confidently Advise Exempt Organizations

Do you have a firm grasp of the transparency and accountability standards required of tax-exempt organizations? Can you easily spot omissions or errors in their tax forms, articles of incorporation and policies? This fast-paced course provides a comprehensive orientation to the legal and tax aspects of exempt organizations. Experienced faculty will explain the nuts and bolts from incorporation to dissolution - with all the tax and compliance challenges in between. By the end of the day, you'll have all the knowledge and tools you need to confidently advise these organizations. Register today!

  • Be prepared to effectively advise your clients on establishing, operating and terminating tax-exempt organizations.
  • Study the various categories of 501(c)s under the internal revenue code, and learn how to properly apply for tax-exempt status.
  • Make sure to include all of the key provisions in articles of incorporation and bylaws.
  • Recognize the two Sarbanes-Oxley requirements for nonprofit organizations, and learn what other SOX practices may be extremely valuable to implement.
  • Find out how to ensure organizational transparency on Form 990, while using it as a positive marketing opportunity.
  • Avoid inadvertent paperwork mistakes that may trigger a compliance check by the IRS.
  • Understand what documentation needs to be filed to authorize dissolutions of exempt organizations.
  • Maintain an ethical practice by knowing how to handle confidentiality dilemmas.

Who Should Attend

This basic-to-intermediate level program provides an orientation to the legal and tax nuts and bolts of exempt organizations for:

  • Attorneys
  • In-House Counsel
  • CPAs and Accountants
  • Nonprofit Organization Directors and Officers
  • Nonprofit Organization Bookkeepers and Controllers
  • Tax Managers
  • Paralegals

Course Content

  1. Incorporation Process
  2. Establishing Tax-Exempt Status With the IRS
  3. Handling Contributions and Tax Deductions
  4. Unrelated Business Taxable Income (UBTI)
  5. Advising on Operational Issues
  6. Ethical Considerations

Continuing Education Credit

Continuing Legal Education – CLE: 6.00 *

Continuing Professional Education for Accountants – CPE for Accountants: 7.00 *

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 7.00 *


* denotes specialty credits

Agenda / Content Covered

  1. INCORPORATION PROCESS
    9:00 - 10:00, John Paul Parks
    1. Liability Associated With Unincorporated Organizations
    2. Articles of Incorporation - Key Provisions to Include
      1. Governing Body
      2. Purpose Clause
      3. Dissolution Clauses
      4. Provisions Required by IRS
      5. Other Crucial Language
    3. Bylaws - Key Provisions to Include
      1. Directors and Officers
      2. Meetings
      3. Voting
      4. Indemnification
    4. Mission Statement
    5. The Use of LLCs (and L3Cs) for Nonprofits
  2. ESTABLISHING TAX-EXEMPT STATUS WITH THE IRS
    10:00 - 11:00, John Paul Parks
    1. Nonprofit vs. Tax Exempt
    2. Determining the Type of Tax-Exempt Organization Under the Internal Revenue Code (IRC)
    3. 501(c)(3): Publicly Supported or Private Foundation?
    4. IRS Application Process for 501(c)(3) - Form 1023
      1. The Importance of the Narrative Description of Activities
      2. Submitting the Budget: What You Need to Know
      3. Other Traps for the Unwary
      4. Retroactive Applications for Existing Organizations
    5. IRS Application Process for Other 501(c) Categories That Qualify for Exemption
    6. Required Annual or Periodic Federal/State/Local Filings
  3. HANDLING CONTRIBUTIONS AND TAX DEDUCTIONS
    11:15 - 12:15, Amy O'Loughlin
    1. Types of Gifts: Advising Clients on Accepting Money and Property
    2. Handling Unanticipated Funds With "Facts and Circumstances" Test
    3. Tax Deductions and Substantiation Requirements
    4. Recent Changes and Current IRS Focus
  4. UNRELATED BUSINESS TAXABLE INCOME (UBTI)
    1:15 - 2:15, Amy O'Loughlin
    1. Defining UBTI/UBIT
    2. Tax Computation: Form 990-T or Push to Subsidiary?
    3. Exceptions, Exemptions and Traps for the Unwary
    4. Form 990: Disclosure, Executive Compensation, and Advantages
  5. ADVISING ON OPERATIONAL ISSUES
    2:30 - 3:30, Robert Erven Brown
    1. Applying Sarbanes-Oxley to Nonprofits
      1. Document Retention
      2. Whistleblower Protection
      3. Non-Mandatory but Valuable Practices Nonprofits can Adopt
    2. Strategies for Board Policy-Making
    3. Advising Directors on Mission "Drift"
    4. Investment Considerations
    5. Solicitation and Fundraising Activities
    6. Lobbying and Political Campaign Activities
    7. Restructuring and Terminating Exempt Organizations
  6. ETHICAL CONSIDERATIONS
    3:30 - 4:30, James L. Csontos
    1. Who is the Client?
    2. Attorney-Client Confidentiality Within the different Levels of an Organization
    3. Conflicts of Interest
    4. Attorney Fees

ROBERT ERVEN BROWN is a shareholder at Gallagher & Kennedy, P.A., in Phoenix. Over his 40 year+ career, Mr. Brown has focused his law practice in real estate, commercial transactions and charitable organizations. He has represented clients in commercial and real estate transactions, ongoing business transactions, with particular expertise in church and para-church ministries and in medical real estate transactions. Through his nonprofit work over the last 15 years, he represents secular and faith-based nonprofit entities, including churches, synagogues, temples, denominations, Christian schools, rescue missions, a seminary, an adoption agency, prison transition ministries, human services organizations, health-related charities, and other faith-based entities. Mr. Brown is a frequent seminar speaker and a trusted advisor to executive leaders, board members and committees in the identification of risks and implementation of appropriate protections for key assets of the organization. He counsels boards and leadership teams on multi-site church development, church mergers, board governance, campus development and construction, entity planning services, real estate asset protection, insurance coverage and other aspects of ongoing operations. After years of extensive involvement in the nonprofit sector, Mr. Brown developed a comprehensive program to guide nonprofit operations. The Campus Preservation Planning©Â program protects critical assets of faith-based ministries and secular charities against uninsurable, under-insured, and uninsured unjust claims, while simultaneously improving overall risk management and stewardship performance. This program has been adopted by nonprofit organizations across the country. He received his B.S. degree from Yale University and his J.D. degree from the University of Wyoming, College of Law. He is admitted to the State Bar of Arizona; the U.S. Court of Appeals, Ninth Circuit; and the U.S. District Court, District of Arizona; and is a member of the Arizona State Bar Foundation, fellow; Arizona State Bar, moderator, Professionalism Course, and Campus Preservation Planning© Program, founder.

JAMES L. CSONTOS is a partner in the Phoenix law firm of Jennings, Haug & Cunningham L.L.P., where he practices in the areas of surety and construction litigation, construction defect litigation, commercial business litigation, and appellate practice. Mr. Csontos is a contributing author of 50-state construction lien and bond law related publications, and has spoken for various professional groups on his areas of practice. He is a member of the State Bar of Arizona (member, Construction Law Section and former chair, Executive Council). Mr. Csontos earned his B.S. degree, magna cum laude, and his J.D. degree, cum laude, from Arizona State University.

AMY O'LOUGHLIN is a CPA and a director in the Phoenix office of CBIZ MHM, LLC. She has more than 15 years of experience in the areas of tax exempt and not-for-profit tax issues. Ms. O'Loughlin serves over 200 tax-exempt organizations assisting with IRS compliance and multi-state issues; establishing tax-exempt status; and advising on income, sales and payroll tax issues unique to tax-exempt clients. She presents on various nonprofit topics for the Arizona Society of CPAs and local client events. Ms. O'Loughlin currently sits on the CBIZ not-for-profit practice group Steering and Technical Committee which meets to discuss relevant issues facing clients, as well as review current NFP literature, changes in tax law and developing trends in tax exempt audit and tax. She received a certificate in accountancy at Arizona State University; her B.A. degree from Gonzaga University; and her M.B.A. degree from the University of Nebraska, Omaha. Ms. O'Loughlin is a member of the American Institute of Certified Public Accountants (AICPA) and the Arizona Society of Certified Public Accountants (ASCPA).

JOHN PAUL PARKS is a sole practitioner in Scottsdale, Arizona, where he practices in the areas of estate planning, trust and estate administration, and business law. He previously has lectured on estate matters for professional groups, including the Southern California Tax and Estate Planning Forum, National Business Institute, and the Institute for Paralegal Education. Mr. Parks is a member of the Scottsdale Bar Association, the Scottsdale Estate Planners, and is a former agent with the Attorneys' Title Insurance Fund, Inc. in Orlando, Florida. He was the principal draftsman of the Florida Not-For-Profit Corporation Act that became effective in 1991, and is a past member of the State Bar of Arizona's Committee on the Rules of Professional Conduct (the Ethics Committee). Mr. Parks is admitted to practice in Arizona, California, Florida, and the District of Columbia. He earned his B.B.A. and J.D. degrees from Stetson University and his LL.M. degree from the University of Miami.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com

Accreditation Details:

Continuing Legal Education

AZ CLE: 6.00 Includes - Ethics: 1.00
The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 6.0 hours toward your annual MCLE requirement for the State of Arizona, including 1.0 hour of professional responsibility.


Continuing Professional Education for Accountants

AZ CPE: 7.00 Includes - Ethics: 1.00
The Arizona State Board of Accountancy does not approve or accredit CPE activities for the Mandatory Continuing Professional Education requirement. This activity is designed to qualify for 7.0 hours of CPE credit for accountants toward their CPE requirement for the state of Arizona.

This is a basic to intermediate level program presented in a group live setting. This course will: • Discover how to effectively advise your clients on establishing, operating and terminating tax-exempt organizations. • Study the various categories of 501(c)s under the internal revenue code, and learn how to properly apply for tax-exempt status. • Examine ways to include all of the key provisions in articles of incorporation and bylaws. • Recognize the two Sarbanes-Oxley requirements for nonprofit organizations, and learn what other SOX practices may be extremely valuable to implement. • Demonstrate the fiduciary duties and potential liabilities of the Board of Directors and officers. • Identify how to ensure organizational transparency on Form 990, while using it as a positive marketing opportunity. • Evaluate how to avoid inadvertent paperwork mistakes that may trigger a compliance check by the IRS. • Present documentation needs to be filed to authorize dissolutions of exempt organizations. • Evaluate how to have an ethical practice by knowing how to handle multiple representation and confidentiality dilemmas.

National Association of State Boards of Accountancy

N NAS: 7.00 Includes - Regulatory Ethics: 1.00, Taxes: 6.00
NBI, Inc. 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. This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is a basic to intermediate level program presented in a group live setting. This course will: • Discover how to effectively advise your clients on establishing, operating and terminating tax-exempt organizations. • Study the various categories of 501(c)s under the internal revenue code, and learn how to properly apply for tax-exempt status. • Examine ways to include all of the key provisions in articles of incorporation and bylaws. • Recognize the two Sarbanes-Oxley requirements for nonprofit organizations, and learn what other SOX practices may be extremely valuable to implement. • Demonstrate the fiduciary duties and potential liabilities of the Board of Directors and officers. • Identify how to ensure organizational transparency on Form 990, while using it as a positive marketing opportunity. • Evaluate how to avoid inadvertent paperwork mistakes that may trigger a compliance check by the IRS. • Review the documentation that needs to be filed to authorize dissolutions of exempt organizations. • Evaluate how to have an ethical practice by knowing how to handle multiple representation and confidentiality dilemmas. Field(s) of Study -- Taxes; Regulatory Ethics.

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Questions


How To Order

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Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702