Learn how the tax reform impacts nonprofit organizations.
The Tax Cuts and Jobs Act is already having a major impact on nonprofits and their fundraising and operations. In particular, there are new rules regarding compensation for executives and fringe benefits for rank-and-file which affect recruitment of new talent and benefits packages already in place, and add to the compliance and reporting issues for nonprofits (501(c)(3) charities and 501(c)(4) social welfare organizations in particular). Learn about these impacts during this topic which will describe the pertinent provisions; how they affect various classes of nonprofits; how they will effect fundraising, compensation arrangements, and operations; and how to plan going forward. We will dedicate particular time to discussing the new excise tax on executive compensation and excess parachute payments; giving practical advice on how to identify and calculate excess parachute payments; and discussing the new effective tax on many employee fringe benefits.
Agenda
Faculty
Douglas W. Schwartz
Nossaman LLP
- Partner, Nossaman LLP, Los Angeles, California
- Specializes in tax matters (international, federal, state, and local) as they affect individual and compensation planning; business formations, transactions, and operations; 501(c)(3) charities, section 501(c)(4) social welfare organizations, 501(c)(25) holding companies, public pension systems, and other tax-exempt entities; and investments in different asset classes and investment vehicles
- Has a comprehensive understanding of the complex local, state, and federal laws and regulations that affect personal and business taxes for a wide variety of industries, including entertainment, internet, manufacturing, real estate, sports, nonprofit, and public agencies, and including advice on sales and use tax; Proposition 13; documentary transfer; and local business license taxes in addition to income and franchise taxes
- Conducts regular seminars and workshops on tax-exempt organizations (including “private foundation” versus “public charity” status, lobbying, and inter-organizational structures); issues in forming and operating “small” businesses and start-ups (e.g., S corporations and LLCs; passive activity loss rules; research and development credit); art law (e.g., charitable contributions and issues pertaining to artists, galleries and collectors); and issues affecting employers (e.g., Affordable care Act compliance, and tax treatment and reporting of employee settlements)
- Wrote articles in several publications including the NAPPA Report, Law360, Wealth-Managment.com, and California Trusts and Estates Quarterly on tax issues related to public pensions, art law, the IRS, bitcoin and wealth management
- Membership information: Los Angeles County Bar Association, secretary/Vice Chair/Chair, Entertainment Tax Committee, Taxation Section, 1999-2003; Executive Committee Member-At-Large and Chair of Annual Tax Night, 2004; Third Vice Chair, 2005-2006; Second Vice Chair, 2006-2007; First Vice Chair, 2007-2008; Chair-Elect, 2008-2009; Chair, 2009-2010. State Bar of California, Vice-Chair/Chair, Corporate Tax Committee, Taxation Section, 1994-1997; Articles Editor, California Tax Lawyer, 1997-2001; Member, Executive Committee, Taxation Section, 1998-2000; Vice Chair, Executive Committee, Taxation Section, 2001. President, the Princeton Club of Southern California 2001-02
- Named a Southern California "Super Lawyer" in 2010 - 2015 by Los Angeles magazine; achieved the highest rating in the Martindale-Hubbell Law Directory
- J.D. degree, Stanford Law School; B.A. degree, Princeton University
- Can be contacted at [email protected]
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