Loading

Nonprofit's Tax Guide

  • ITEM SKU
    7805
  • CPE Hours
    18
  • Full Course Price
    $109.50
Exam Questions: 90
Course Level: Basic
Pages: 362 | Content: 342, Supplemental: 20
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7805B

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. PLEASE NOTE: This course is not about how to form a nonprofit corporation or apply for IRS recognition of your nonprofit's tax-exempt status. It has been written primarily for Section 501(c)(3) organizations that qualify as public charities and it doesn't cover the special tax rules applicable to private foundations. Therefore, while much of the material here is applicable to nonprofits other than Section 501(c)(3) organizations, this book has not been written with such organizations in mind. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00556-23-S

Choose Your Format to ADD TO CART:

Go to CART
Purchase EXAM ONLY

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
  • Tax Credits for Nonprofits
Objectives
  • 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
  • To recognize the characteristics of various tax credits available to nonprofits

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.