How to Lose Exemption 1 Credit
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Nov 19, 2024 | 04:00 PM
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Looking to unlock the secrets of tax exemption for nonprofit organizations? Curious about the available tax classifications and exemptions? Join us for an insightful CPE course where we will answer all your burning questions and provide you with a comprehensive overview of the requirements and classifications surrounding tax exemptions.
Have you ever wondered what it takes for a nonprofit organization to qualify for the coveted 501(c)(3) status? Want to understand the nuances of private inurement and private benefit? This webinar is your gateway to unraveling the complexities of tax exemption. We will guide you through the formation process and shed light on the federal exemption application, covering both the standard application (Form 1023) and the streamlined application (Form 1023-EZ). In addition, we will delve into the fascinating world of loss of the exemption, exploring inadvertent loss scenarios and real-life case studies that illustrate the denial and revocation of exemption.
This CE Tax Webinar will discuss how to lose the exemption for a non-profit entity including:
Don't miss this opportunity to expand your knowledge and ensure compliance with tax regulations. Register now for our engaging CPE webinar and empower yourself with the essential information needed to navigate the intricate landscape of tax exemptions for nonprofit organizations.
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Mr. Michelson received his B.A. Degree, with general honors from the University of Chicago, his M.S. in Accountancy from DePaul University and his J.D. degree from UCLA School of Law. He has been admitted to practice with the U.S. Tax Court and the United States District Court, Central District of California.
Mr. Michelson is Past Chair of the Nonprofit Organizations Committee of the Business Law Section of the California Lawyers Association. He has served as Chair of the Tax-Exempt Organizations Committee of the Taxation Section of the State Bar of California, as Co-Chair of the Nonprofit Organizations Committee of the Business Law Section of the State Bar of California and as Chair of the Taxation Section of the Los Angeles County Bar Association. In May 2001 he participated in the Los Angeles County/California State Bar delegation to the Internal Revenue Service, Treasury and staff of the Congressional tax committees in Washington D.C. to discuss proposed guidance, as set forth in a co-authored paper, “Getting Connected: Business and Politics of Charities on the Internet.” Together with other attorneys, he assisted in reviewing and suggesting revisions to portions of the California Attorney General’s Guide to Charities. Mr. Michelson is a lecturer at UCLA Extension on tax issues for nonprofit organizations. He is also Adjunct Professor at David Nazarian College of Business and Economics California State University Northridge for a class on income taxation of trusts and estates. He has lectured for business and professional organizations and written articles on various federal and California tax topics. He is a member of the American, California, and Los Angeles County Bar Associations.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
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