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Non-profit Joint Ventures – Partnering with For-Profit Organizations

  • AFSP
  • CPA (US)
  • EA
  • Oregon Tax Prep.
  • CTEC
  • Maryland Tax Prep.
Non-profit Joint Ventures – Partnering with For-Profit Organizations

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00790-21-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0733)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00790-21-O)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00790-21-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

For decades, non-profit organizations have been looking for ways to increase revenue in order to better achieve their charitable (or exempt) purpose. One way they have found to do this is by entering into a joint venture arrangement with a for-profit entity.

This CPE webinar explains critical issues for non-profit joint ventures. One primary area that non-profit organizations should consider before entering into a joint venture are income tax issues. Preliminarily, one needs to understand what the IRS considers to be a joint-venture.

This CE webinar discusses the tax risks associated with a non-profit’s participation in joint ventures, including possible loss of tax exemption. It also explains whether activities will trigger unrelated business income tax. It includes partnership tax reporting and other tax reporting, for-profit subsidiaries and planning for maintaining separate corporate identity. Finally, this CPE/CE webinar addresses the tax principles involved with joint ventures and for-profit subsidiaries and joint venture policies.

This Online CE/CPE course will discuss how to form, and obtain exemption for a non-profit entity including:

  • Income Tax Considerations

o   What is a joint venture?

o   Loss of Tax Exemption

o   Unrelated Business Income

  • Partnership Tax Reporting

o   Pass-through of Income from Joint Venture

o   Cases and Rev. Rul. 98-15 and Rev. Rul. 2004-51

  • For-Profit Subsidiaries

o   Attribution versus Separate Corporate Identity

o   Agency relationships

o   Controlled Corporations and Subsidiaries

  •  Reporting and Planning for Joint Ventures

o   Disclosures: Schedule R and Form 990, Part VI

o   Joint Venture Policy and Planning

Learning Objectives

  • To identify what constitutes a joint-venture
  • To recognize the risks of loss of exemption and the triggering events
  • To identify the criteria for unrelated business taxable income
  • To recognize the difference between advertising and qualified sponsorship payments
  • To identify the partnership taxation principle for joint ventures
  • To recognize prohibited private inurement and private benefit
  • To identify the relevance of judicial precedent and IRS guidance on joint ventures
  • To recognize the use of for-profit subsidiaries and controlled corporations
  • To identify tax reporting and planning for joint ventures

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA