IRS Offers Free Compliance Training for Exempt Organizations

By Federal Tax Update Staff at Thomson Reuters

The IRS has a free online workshop that can help tax-exempt organizations stay exempt. Participants will learn the benefits, limitations and expectations for Section 501(c)(3) organizations.

This virtual workshop includes 10 topics of interest to Section 501(c)(3) tax-exempt organizations:

 Applying for Section 501(c)(3) Status. This course discusses eligibility, the benefits of exemption, applying and what you should do while waiting for a determination letter.

 Maintaining 501(c)(3) Tax-Exempt Status. This course covers activities that can jeopardize an organization’s Section 501(c)(3) tax-exempt status.

 Employment Issues.  This course explains how to report employee wages and the rules about volunteer gifts.

 Required Disclosures.   This course discusses which documents must be provided upon request and the penalties for noncompliance.

 Form 990 Overview Course. Most tax-exempt organizations must file an annual Form 990-series return. This course offers tips on which form to file, how to prepare during the year and how to avoid automatic revocation.

 Unrelated Business Income.  This course discusses how to determine if your tax-exempt organization has taxable income and how to report it.

 Political Campaigns and Charities: The Ban on Political Campaign Intervention.  This course provides examples of prohibited activities and explains steps an organization should take to avoid an inadvertent violation.

 Charitable Gaming for Exempt Organizations. This course discusses gaming rules, documentation and possible tax implications.

 Can I Deduct My Charitable Contributions? This course explains which contributions are deductible, what records must be kept and how to report contributions on the appropriate Form 990.

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