NOT1971. Association Tax Issues and Updates

Track: 
Tax
Field of Study: 
Taxes
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Wednesday, June 12, 2019
 
1:10PM-2:25PM

Tax exempt associations face unique issues related to their tax exemption. Associations can be complex, multi entity structures that represent the intersection of nonprofit, for-profit and charitable interests. Some are simpler. Whatever the case may be, we will discuss the following areas that impact all associations:
- Common structures for associations and benefits/drawbacks of each
- Lobbying, the proxy tax, and how the TCJA impacts an organization's lobbying calculation
- Unrelated business income from exploited activities, including advertising online and in periodicals
- Taxability of income received from controlled entities
- Royalty and fee for service income
- Compensation reporting issues and the excess compensation tax under 4960

Learning Objectives:

  • Analyze the various types of associations
  • Understand the complex issues and common pitfalls of multi-entity structures
  • Evaluate how dues are impacted by various types of lobbying activities
  • Compare the common types of unrelated business that an association may have and apply the impacts of the TCJA to associations and their related organizations


SESSION SPEAKER(S)

CPA
Senior Manager | Moss Adams
CPA, CGMA
Tax - Director/Manager/Staff | AARP