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Implications of the New Tax Legislation for Nonprofit Organizations - Webinar

  • ID: 4464286
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn how the tax reform impacts nonprofit organizations.

The Tax Cuts and Jobs Act is already having a major impact on nonprofits and their fundraising and operations. In particular, there are new rules regarding compensation for executives and fringe benefits for rankandfile which affect recruitment of new talent and benefits packages already in place, and add to the compliance and reporting issues for nonprofits (501(c)(3) charities and 501(c)(4) social welfare organizations in particular). Learn about these impacts during this topic which will describe the pertinent provisions how they affect various classes of nonprofits how they will effect fundraising, compensation arrangements, and operations and how to plan going forward. We will dedicate particular time to discussing the new excise tax on executive compensation and excess parachute payments giving practical advice on how to identify and calculate excess parachute payments and discussing the new effective tax on many employee fringe benefits.

Learning Objectives
  • You will be able to recognize what new tax provisions apply to your organization (501(c)(3)s, 501(c)(4)s, 501(c)(6)s, VEBAs, etc.).
  • You will be able to describe how the new excise tax affects compensation to your organizations executives.
  • You will be able to define an excess parachute payment subject to the new excise tax, and how to build a spreadsheet to test for the same.
  • You will be able to identify what common fringe benefits are now unrelated business taxable income to your organization.
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Introduction
  • What We'll Cover
  • Legal Sources (With Links)
Overview of the Tax Cuts and Jobs Act of 2017
  • Evolution of the Legislation
  • Individual and For-Profit Provisions (but Pertinent to Nonprofits as We'll See)
  • Nonprofit Provisions That Didn't Make It Into Final Bill
  • Thoughts on State (CA, NY, NJ) Income Tax Deduction Work-Arounds
Excise Tax on Compensation and Excess Parachute Payments
  • Which Nonprofits Are Covered?
  • What Compensation Is Covered?
  • What Is an Excess Parachute Payment?
Unrelated Business Taxable Income Provisions
  • Separate Computation
  • Inclusion of Certain Fringe Benefits
College/University Endowment Excise Tax

Conclusion: What to Do Going Forward
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Douglas W. Schwartz - Nossaman LLP
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This webinar is designed for accountants, CPAs, executive directors, officers, board members, controllers, CFOs, tax managers and bookkeepers.
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Order Online - visit: https://www.researchandmarkets.com/reports/4464286
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