Learn how to maintain your clients' tax exemptions and avoid the many pitfalls in this area of tax law.
Many advisers to nonprofit organizations in the U.S. may be uncertain of what income earning activities are permitted, what activities may jeopardize such organizations' tax exemptions and how to manage such activities in such a way as to reduce applicable risks. With the many exceptions and exceptions to exceptions in this area of tax law, many professionals need a map of the issues.
More Program Information
Why Lorman?
Over 33 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
Basics of Nonprofit Earned Income - Consequences
- Unrelated Business Income Tax - Introduction
- Sanctions/Penalties
- Impact on Exemption
Unrelated Business Income Tax
- Detailed Rules of Operation
- Exception for Exempt Functions
- Passive Activity Exception
- Unrelated Debt-Financed Income
Reporting
- Federal Tax Returns
- Special Rules Regarding Separate Trades or Businesses
More Program Information
Why Lorman?
Over 33 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 Course
This course was last revised on November 23, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- Arizona CLE 1.5
- CA MCLE 1.5
- CT CLE 1.0
- HI CLE 1.25
- ME CLE 1.0
- NJ CLE 1.8
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 1.8
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
More Program Information
Why Lorman?
Over 33 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
William M. Funk, Esq.
Law Office of William M. Funk
- Principal of the Law Office of William M. Funk
- Provides representation and advisory services regarding tax issues of individuals, businesses, nonprofits and funds
- Experience includes obtaining tax exemptions for charitable organizations, trade associations and other not-for-profit organizations and advising on continued compliance, executive compensation, unrelated business income tax issues, cross-border grants and dissolutions
- Has also structured, documented, and negotiated a broad spectrum of domestic and cross-border transactions
- He has represented taxpayers before the Internal Revenue Service and the New York State Department of Taxation and Finance on a range of matters including audits, tax controversies and tax collections matters and successfully negotiated resolutions with respect to income tax, sales tax and employment tax liabilities and penalties
- Can be contacted at 212-973-1100 or [email protected]
More Program Information
Why Lorman?
Over 33 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.
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.
