Year-End Tax Update for Not-for-Profits (Completed)

For many not-for-profit organizations, 2023 was a return to normalcy. Although COVID-19 continues to be on everyone's minds, many organizations have resumed their activities and adapted to new normal's. This session will focus on what regulatory changes have impacted the sector this past year. We will review recent IRS activity and how that may impact your organization. We will also discuss what changes we see ahead for the not-for-profit sector, especially with 2024 being an election year.

Who Should Attend
CPAs, CFOs, auditors, bookkeepers, staff accountants and others working with not-for-profit entities

Topics Covered

• Updates on new tax law for not-for-profit entities
• Recap of IRS activity and guidance issued
• Donor acknowledgement reminders and updates on charitable giving incentives

Learning Objectives

• Identify current IRS hot topics and ways to mitigate risk on the Form 990
• Recognize annual nonprofit compliance requirements

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of not-for-profit taxation

Advance Preparation
None