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OnDemand Webinar

Obtaining and Sustaining a Tax-Exempt Status

In today's environment, the pressure on tax-exempt organizations to comply with the tax rules is greater than ever. In this on-demand webinar, you will learn the difference between nonprofit and tax-exempt organizations, how an organization qualifies for 501(c)(3) tax-exempt status, how to distinguish between private foundation and public charities, how to understand the benefits of public charity status and how to avoid activities that can jeopardize an organization's 501(c)(3) status.

Learning Objectives:

  • You will be able to discuss types of tax-exempt entities.
  • You will be able to identify types of public charities.
  • You will be able to review activities generating excessive unrelated business income.
  • You will be able to explain failure to comply with reporting obligations.

Runtime: 94 minutes
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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

Qualification for Tax-Exempt Status

  • Nonprofit vs. Tax-Exempt
  • Types of Tax-Exempt Entities
  • Charitable Purpose
  • Organizational and Operational Tests

Public Charity vs. Private Foundation

  • Basis for Distinction
  • Types of Public Charities
  • Benefits of Public Charity Status

Jeopardizing Tax-Exempt Status

  • Private Benefit and Private Inurement
  • Lobbying
  • Political Campaign Activity
  • Activities Generating Excessive Unrelated Business Income
  • Failure to Comply With Reporting Obligations
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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 program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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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

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Laura A. Lo Bianco, Esq.

Fennemore Craig, P.C.

  • Director with the law firm of Fennemore Craig, P.C.
  • Focuses practice in corporate law and transactional matters
  • Corporate experience includes formation of organizations, including corporations, partnerships, nonprofit, tax-exempt organizations and limited liability companies; corporate governance; legal compliance; and maintenance of requisite organizational records
  • Has experience with mergers and acquisitions, and purchase, sale and lease of real property
  • Advises various entities, such as private foundations, public charities, trade associations and other entities that are tax-exempt under the Internal Revenue Code, in obtaining tax-exemption and compliance matters
  • Selected by peers for inclusion in Best Lawyers in America – business law and nonprofit/charities law, 2012 to 2014
  • Serves as chair of the State Bar of Arizona Business Law Section
  • Frequent speaker in the areas of tax-exempt organizations and business law
  • Pre-eminently rated in the Martindale-Hubbell Law Directory
  • J.D. degree, Santa Clara University, School of Law; B.S. degree, Arizona State University
  • Can be contacted at 602-916-5345 or [email protected]
Kendis Key Muscheid

Kendis Key Muscheid

Ballard Spahr LLP

  • Partner with Ballard Spahr LLP
  • Focuses practice on the representation of nonprofit, tax-exempt organizations, and donors making charitable gifts, assisting in all aspects of tax, corporate and regulatory matters
  • Clients include a variety of 501(c)(3) and other tax-exempt organizations, such as private foundations, supporting organizations, universities, charter schools and research institutions, hospitals and their related foundations, religious entities, museums, social welfare organizations, trade associations, and groups dedicated to the arts
  • Advises clients on the qualifications for tax exemption, conversions to and from tax-exempt status, obtaining and maintaining favorable tax treatment, reporting and government filings, and the creation and operation of supporting organizations
  • Counsels organizations on nonprofit governance, advocacy issues, unrelated business income tax matters, endowment creation and management, restructuring multi-tier entities, raffles and sweepstakes, and issues involving charitable solicitations, mergers, and acquisitions
  • Also represents clients during IRS audits and appeals processes
  • Named in Best Lawyers in America, Nonprofit/Charities Law and Tax Law (2005-2017), and was voted Best Lawyers, "Lawyer of the Year" Non-Profit/Charities in both 2014 and 2017 in Phoenix, Arizona; has achieved the highest rating in the Martindale-Hubbell Law Directory and was the 2016 recipient of the Arizona Foundation for Women's Marilyn R. Seymann Award for her work in the nonprofit community
  • Frequent speaker on topics in the area of tax-exempt organizations; she volunteers with a number of nonprofits in the community, and is a current Board member of UMOM New Day Centers
  • Can be contacted at 602-798-5410 or [email protected]
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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.

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Product ID: 393150
Published 2014
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