International Considerations for Not-for-Profit Organizations

Author: Clark Nuber, Jennifer Becker Harris, Frances Olson

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