Be Nonprofit – Stay Nonprofit: IRS Nonprofit Tax Compliance WorkshopDate: Sep 10, 2013
Time: 09:00 AM to 04:00 PM
|Fee: $45 for MCN members or nonmembers||Register Now!|
This introductory workshop, presented by experienced specialists from the Internal Revenue Service’s Exempt Organizations Division, covers the nuts and bolts of tax compliance for small- and mid-sized exempt organizations. The workshop covers what 501(c)(3) organizations must do to comply with tax obligations and keep their tax exempt status. It is designed for board members, officers, volunteers and staff of 501(c)(3) organizations, tax practitioners who work with them, and students in nonprofit management programs.
Don’t miss this unique opportunity to get your questions answered by the experts!
Tax Exempt Status
- Definition of tax exempt status
- Types of exempt organizations
- Organizational and operational tests
- Benefits of exempt status
- Private foundations vs. public charity status
- Jeopardizing tax-exempt status
- Case study activity
Unrelated Business Income (UBI)
- Three parts of the UBI test
- Common examples of UBI
- Exceptions and modifications to UBI
- Gaming activities
- Form 990-T and Form 990-W
- Independent contractor vs. employee
- Statutory employees and nonemployees
- Overview of employment tax forms
Form 990 Series
- Overview of the Forms 990, 990-EZ, and 990-N
- Tips on recordkeeping and answers to frequently asked questions
- Presentation of resources and tools available to exempt organizations
- Public inspection rules
- Disclosure rules
- Substantiation of contributions
This session has applied for 6 continuing education credits (CPE and CLE).
A light breakfast and snacks will be served. Lunch is available for purchase on-site (on your own).
This session will also be offered on September 9 in St. Paul.
These sessions are made possible by the following partners:
- The Center for Nonprofit Management, University of St. Thomas Opus College of Business
- Hamline School of Business, Nonprofit Management Programs
- Internal Revenue Service, Exempt Organizations Division
- Minnesota Council of Nonprofits
About the Presenters
Terri Anderson began her career with the Internal Revenue Service in 1991 in the employment tax group. In 1994, she crossed over to the Exempt Organizations group in the TE/GE business unit where she performed field examinations for organizations exempt under 501(c) of the IRC. Currently, she is a reviewer in Special Review. She received a bachelor of science degree in accounting and business administration from Moorhead State University and holds a C.P.A. license in the state of Minnesota.
Cheryl A. Teser is a senior program analyst in the Compliance Strategies and Critical Initiatives Unit of Exempt Organizations in the Tax Exempt/Government Entities Operating Division of the Internal Revenue Service. In this capacity, she is assigned a wide range of responsibilities within Exempt Organizations and serves as the EO Fed/State liaison and the National Gaming coordinator. As the EO Fed/State liaison, Cheryl is responsible for serving as a link between state governments and the IRS with respect to not-for-profit issues. As the National Gaming coordinator, she manages charitable gaming projects within Exempt Organizations. She has previously held the position of technical coordinator for Mandatory Review for EO Examinations and spent 10 years as a field agent performing examinations of exempt organizations throughout Nebraska. Cheryl received her C.P.A. certificate in 1998 and is a member of the Nebraska Society for CPA's, currently serving on the board of the foundation and as a member of the Not-For-Profit committee. She received her B.S. degree from the University of Nebraska.