Show navigation

Live Webinar

90-minute live streaming program
  • February 28
  • 1:00 - 2:30 pm EST

Implications of the New Tax Legislation for Nonprofit Organizations

February 28

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.

Learning Objectives

- You will be able to recognize what new tax provisions apply to your organization (501(c)(3)s, 501(c)(4)s, 501(c)(6)s, VEBAs, etc.).

- You will be able to describe how the new excise tax affects compensation to your organization's executives.

- You will be able to define an 'excess parachute payment' subject to the new excise tax, and how to build a spreadsheet to test for the same.

- You will be able to identify what common fringe benefits are now unrelated business taxable income to your organization.

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

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 1.8 including Taxes 1.8
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 1.5 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.8 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for accountants, CPAs, executive directors, officers, board members, controllers, CFOs, tax managers and bookkeepers.

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

Register today before this event fills.