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Not-For-Profit Tax Update

https://rubinbrown.zoom.us/webinar/register/WN_fmJfOVP_QD2B_nRUajpVJw

During this year of great uncertainty, the IRS has continued to issue new guidance, rulings and updates which provide clarity in a number of areas affecting not-for-profit organizations. In this webinar, RubinBrown will walk through many of these changes in a lightning round format, providing information on a variety of topics, including:

  • Recent state, local, and sales tax developments related to tax-exempt organizations

  • Unrelated business income (UBI) updates, including repeal of parking tax, new rules related to net operating losses, and separate line of business guidance

  • Lobbying and political expenses overview in an election year

  • Schedule B reporting changes for organizations other than public charities

  • Private foundations subject to a flat 1.39% excise tax on net investment income and updated 2020 IRS Form 990-PF

  • New rulings, guidance, and case law update, including charitable planning nuances and not-for-profit group exemption clarification