Form 1023 and the Toughest Compliance Challenges
Clearing the Hurdles When 501(c)(3) Organizations Apply for Tax Exempt Status
Recording of a 110-minute CPE webinar with Q&A
This teleconference will offer an in-depth review for accounting pros and tax preparers who work with non-profit organizations and other clients seeking to qualify for tax exempt status on Form 1023. The panel will equip the attendees with approaches for overcoming Form 1023 and its schedules' toughest compliance challenges.
Drill-down on Form 1023 and its 11 parts
- Part IV (narrative description of your activities)
- Part V (compensation)
- Part VI (members and other individuals and organizations receiving benefits)
- Part VII (specific activities)
- Part IX (financial data)
- Review of Form 1023's 8 schedules
- Compliance issues to anticipate with different types of applicants
- Current IRS process for reviewing Form 1023 applications
The panel will address these and other problematic aspects of Form 1023:
- What financial data is requested on Form 1023—and how should it be presented?
- What should be supplied when responding to questions about close connections with other organizations and about intellectual property?
- What specific organization activities must be reported, and how should they be verified?
- What meets the standards for disclosing compensation, non-fixed benefits, member benefits and other data?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Green Hasson Janks
Mr. Ruvelson has nearly 30 years of experience in providing tax services to non-profit clients, including public and... | Read More
Mr. Ruvelson has nearly 30 years of experience in providing tax services to non-profit clients, including public and private colleges and universities, hospitals and hospital systems, supporting organizations, private foundations, and religious and cultural organizations. He has worked closely with clients on a wide range of non-profit issues including tax exemption, unrelated business income tax, charitable giving and substantiation, independent contractor issues, and Form 990 and Form 1023 reporting.Close
Hunton & William
Mr. Lion has represented nonprofits and tax-exempt organizations in a wide range of tax, transactional, and... | Read More
Mr. Lion has represented nonprofits and tax-exempt organizations in a wide range of tax, transactional, and fiduciary matters, including formation, mergers and acquisitions, executive compensation, international activities and affiliations, unrelated business taxable income, joint ventures, program-related investments, political activities and lobbying, conservation easements, tax return review, tax-exempt bonds and dissolutions.Close