State and International Tax Compliance for Not-for-Profits
Author: Clark Nuber, Frances Olson
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 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
Organizations today have a global reach. Whether it be a hybrid or remote work environment with a workforce in multiple locations, program operations in other countries, or offshore investments to diversify a portfolio, non-profit organizations are regularly dealing with multiple regulatory bodies to maintain compliance. This course will provide insights into these regulatory requirements and compliance challenges faced by non-profits operating across state and international borders.
Publication Date: February 2025
Designed For
CPAs, CFOs, auditors, bookkeepers, staff accountants, board members, program officers, and others working with foreign organizations
Topics Covered
- Overview of Form 990, Schedule F, Statement of Activities Outside the US
- Examine various foreign filing requirements (Forms 114, 5471, 926, 8621, 8865, 3520, etc.)
- Review of foreign grantmaking best practices, including when it is necessary to perform expenditure responsibility or seek an equivalency determination
- US tax considerations for performing foreign direct charitable activities or having international operations
- State tax considerations when hiring employees in other states
- State registration requirements when soliciting contributions from other states
Learning Objectives
- Identify the US tax compliance requirements associated with foreign and multi-state activities
- Identify the considerations for not-for-profits contemplating expansion across state or international boarders
- Identify a factor that would likely indicate that an organization has created a permanent establishment in a foreign country
- Identify the most important question to ask when determining the U.S. tax treatment of a foreign operation or organization
- Identify the Schedule of Form 990 that includes the Statement of Activities Outside the U.S.
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Understanding of State and International Tax
Advance Preparation
None
