Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Many of the US international tax provisions do not contemplate exempt organizations and thus, applying the foreign filing instructions can be challenging. This course helps organizations and practitioners understand when US filings are required and common compliance disclosures. This course will focus on foreign operations and grantmaking, and discuss at a high-level other international issues organizations commonly face.
Publication Date: March 2022
Designed For
CPAs, CFOs, auditors, bookkeepers, staff accountants, board members, program officers, and others working with foreign organizations.
Topics Covered
- Key Considerations for International Activities
- US Disclosures for Foreign Activities & Investments
- Foreign Corporation
- Other Common Foreign Filings
- Withholding
- OFAC, Prevention of Terrorism and Sanctions
- Putting it All Together
Learning Objectives
- Identify considerations for not-for-profits contemplating international expansion
- Recognize US tax compliance requirements associated with foreign activities or investments
- Identify the reporting threshold in Part I related to aggregate expenses or revenues with respect to Schedule F of Form 990
- Identify the form that relates to U.S. Transferor of Property to a Foreign Corporation
- Identify the taxpayer/entity that would be excluded from the definition of a U.S. person
- Identify the common tax withholding rate of gross amount
- Identify the country that is not subject to targeted sanctions
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of Not-for-Profit Organizations.
Advance Preparation
None
Instructors
Clark Nuber
Located in the Seattle metro area, Clark Nuber PS is home to one of the largest single-office Not-for-Profit practices in the United States. This nationally recognized group is composed of over 80 professionals who specialize in serving more than 750 not-for-profits. These professionals take a broad, holistic view of the entire financial and regulatory ecosystem in which not-for-profits function.
Our involvement and investment in the industry extends beyond providing professional services to charitable organizations. Our shareholders and principals also present regularly at conferences and seminars tailored to the not-for-profit community. And, several leaders serve on national-level boards and committees that establish guidance and best-practices for the sector, including the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee, the TE/GE EO Council’s TIC-TAQ Forum, and the AICPA Exempt Organization Technical Resource Panel.
Additionally, Clark Nuber is the author of the Form 990 Compliance Guide and the Private Foundation Handbook and Compliance Guide.
Jennifer Becker Harris
Jennifer is a tax shareholder with Clark Nuber in Bellevue, Washington, where she specializes in tax-exempt organizations. She is a leader in Clark Nuber’s Not-for-Profit and International Niches. Her practice primarily focuses on consulting and compliance for public charities, private foundations, and social welfare organizations including international matters, alternative investments, unrelated business income tax, fundraising events, commercial co-venturers, corporate governance and IRS controversy. In addition, she assists individuals with charitable gift planning. Jennifer is a co-author and editor of the Form 990 Compliance Guide, Private Foundation Handbook and Compliance Guide, Tax Cuts and Jobs Act Impact Guide to Exempt Organizations, by Clark Nuber and published by CCH, a Wolters Kluwer business. She is a frequent speaker on exempt organization and charitable giving matters with the AICPA, state societies and other professional groups.
She is a graduate of Washington State University and holds a master’s degree in Taxation from Golden Gate University. Jennifer is a member of the American Institute of Certified Public Accountants (AICPA) and Washington Society of Certified Public Accountants (WSCPA). She is the Chair of the AICPA’s Exempt Organizations Taxation Technical Resource Panel and participates in exempt organization advocacy with TE/GE Council through its TIC TAQ Committee. Jennifer is native to Washington State, where she lives with her husband, Matt, and three kids, Will, Josh and Vivienne.
Frances Olson
Frances is a tax senior manager with Clark Nuber in Bellevue, Washington, where she specializes in tax-exempt organizations and high net worth individuals. She participates in Clark Nuber’s Not-for-Profit, High Net Worth and International Niches. Her practice primarily focuses on consulting and compliance for public charities, private foundations and high net worth individuals and their families, including international matters, alternative investments, unrelated business income tax, fundraising events, etc. In addition, she assists individuals with charitable gift planning and execution.
She is a graduate of Washington State University and holds a master’s degree in Taxation from Golden Gate University. Frances is a member of the American Institute of Certified Public Accountants (AICPA) and Washington Society of Certified Public Accountants (WSCPA). She is also a member of the National board of Advisors for the Carson College of Business at Washington State University and a member of the Washington Planned Giving Council. Frances is native to Washington State, where she lives with her husband, Mitchell, and two kids, Dennesson and Marley.
Frances will be your primary contact for Form 990, 990-T and international compliance filing services. She is an active member and very passionate about her work in the not-for-profit tax services and consulting group. Her expertise gained in this area allows her to provide superior service to her not-for-profit clients with a focus on international tax compliance and reporting, unrelated business activities, special fundraising events, grants, lobbying, etc. She also has extensive experience working with social service agencies, arts organizations, international NGOs, private foundations, and private schools.