Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Implications of the New Tax Legislation for Nonprofit Organizations

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.

Runtime: 90 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction

  • What We'll Cover
  • Legal Sources (With Links)

Overview of the Tax Cuts and Jobs Act of 2017

  • Evolution of the Legislation
  • Individual and For-Profit Provisions (but Pertinent to Nonprofits as We'll See)
  • Nonprofit Provisions That Didn't Make It Into Final Bill
  • Thoughts on State (CA, NY, NJ) Income Tax Deduction Work-Arounds

Excise Tax on Compensation and Excess Parachute Payments

  • Which Nonprofits Are Covered?
  • What Compensation Is Covered?
  • What Is an Excess Parachute Payment?

Unrelated Business Taxable Income Provisions

  • Separate Computation
  • Inclusion of Certain Fringe Benefits

College/University Endowment Excise Tax

Conclusion: What to Do Going Forward

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 28, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Douglas W. Schwartz

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]
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 402171
Published 2018
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!