2024 Nonprofit Taxation Rules and Form 990

Overview

This course explores the latest tax provisions impacting non-profit entities, including charities, hospitals, and universities, with a focus on common issues CPAs may face when completing their clients Form 990.

Prerequisites

Basic working knowledge of nonprofit taxation

Objectives

• Apply the most recent tax provisions related to non-profit entities
• Complete special sections of Form 990 and advise clients on tax rules related to public charities

Highlights

• Recent tax legislation and developments related to non-profit entities
• Special sections of Form 990 and various form related changes
• Nonprofit tax exemption applications
• “Intermediate sanctions” excise tax
• Excess compensation excise tax
• Excess parachute payment excise tax
• Unrelated business income tax
• Required profit motive
• The Mayo case
• Entertainment expenses
• Taxable fringe benefits (including employer-provided parking)