Non-Profit Supporting Organizations: Mastering the Exempt Rules of IRC 509(a)(3)
Understanding Life Cycle and Tax Issues of Supporting Organizations
Recording of a 110-minute CPE/CLE webinar with Q&A
This webinar will examine the tax and accounting issues specific to IRC Section 509(a)(3) “supporting organizations” and will discuss preparation of Schedule A relating to supporting organizations. The panel will review the “organizational,” “operational,” and “control” tests prescribed by those regulations, and discuss the nature of the supporting organization’s required relationship with the supported public charities. The webinar will detail the regulations and rulings relating to the life cycle of a supporting organization, its relationship with private foundations and exempt noncharitable organizations, the §501(h) election, and related issues.
Outline
- Section 509(a)(3) framework
- Tests (operational, organizational)
- Three sub-classes of supporting orgs
- Supported organization rules
- Preparation of Schedule A relating to supporting orgs
Benefits
The panel will discuss these and other critical issues:
- What are the various tests that supporting organizations must meet to qualify with IRS regulations?
- Functionally integrated supporting organizations (FISOs)
- Risks of intermediate sanctions from excess benefit transactions
- Excess business holdings
Faculty
Rebekuh Eley
Tax Senior Director
BDO
Ms. Eley's area of focus is the tax issues facing nonprofit organizations and their for-profit affiliates,... | Read More
Ms. Eley's area of focus is the tax issues facing nonprofit organizations and their for-profit affiliates, including the myriad of special tax rules that apply to tax-exempt organizations. She also has a broad tax background encompassing technical areas of corporate, partnership and individual tax. She is a frequent speaker at various national and local forums, where she presents on a range of topics impacting exempt organizations.
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Jake Cook, CPA
Nonprofit Tax Managing Director
BDO USA
Mr. Cook specializes in his firm’s tax-exempt practice and is part of his firm’s nonprofit industry team.... | Read More
Mr. Cook specializes in his firm’s tax-exempt practice and is part of his firm’s nonprofit industry team. His clients are primarily nonprofit organizations including charities, foundations, trade associations, social welfare organizations and hospitals and healthcare organizations. He presents at national trainings on nonprofit topics.
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