Nonprofit's Tax Guide

Exam Questions: 90
Course Level: Basic
Pages: 356 | Content: 336, Supplemental: 20
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7805A

Nonprofits must comply with special IRS rules and regulations in order to maintain their tax-exempt status. This course will explain the ongoing and annual IRS compliance requirements for nonprofits. It goes into detail on Form 990, 990-EZ, and nonprofit bookkeeping. It will also cover the rules you will need to know on issues such as charitable giving, conflict of interest, compensation, unrelated taxable business income, and political activity restrictions. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00450-21-S

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Course Information

Table of Contents
  • Nonprofits and the IRS
  • Annual IRS Filings - The Form 990
  • Record Keeping and Accounting
  • Volunteers, Employees, and Independent Contractors
  • Charitable Giving - The Basics and Cash Donations
  • Property Donations
  • Excessive Compensation, Sweetheart Deals, and Other Ways to Get in Trouble with the IRS
  • Nonprofits That Make Money and UBIT
  • Lobbying and Political Campaign Activities
  • To recognize the varying tax considerations of tax-exempt organizations
  • To recognize the nuances of the Form 990-EZ
  • To identify which accounting methods comply with GAAP
  • To recognize how to treat volunteer expense
  • To identify which nonprofits are considered qualified organizations for IRS charitable contribution purposes
  • To recognize how to treat vehicles and other non-monetary donations
  • To identify the specifics of IRS monetary penalties
  • To recognize which unrelated business income sources are exempt from UBIT
  • To recognize the difference between lobbying efforts and nonlobbying advocacy

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