Tax Risks for Nonprofit Organizations

Course Description
Many nonprofit organizations may be tax-exempt under IRC 501(c)(3), but this does not mean they are immune from tax risks and regulations. Continued governmental scrutiny of the exempt status of nonprofits coupled with the general exemption requirements mean that organizations need to understand the potential risk areas. In addition, tax exposures can occur in other areas that can catch organizations unaware, especially if they have for-profit subsidiaries. In this session we will cover general tax exemption requirements, specific areas of current IRS review and focus and what nonprofit organizations can and should do to monitor tax risk.

Learning Objectives:

  • Identify the general and specific requirements for tax-exempt status.
  • Analyze the current areas of IRS focus.
  • Address other areas of potential tax exposure.
  • Discuss approaches to monitor and evaluate tax risk.

Christine Perez, CPA, Manager

Christine is a manager in our exempt organization tax practice and a member of Eide Bailly's National Tax Office. Christine has more than 10 years of public accounting experience working with a variety of tax exempt organizations and assisting with tax compliance and strategy as well as providing technical research and analysis. She assists nonprofits with applications for and the reinstatement of tax exempt status, unrelated business income studies, annual compliance and other tax-related issues.

When you work with Christine, you can expect comprehensive services that assist your organization with understanding the nuances of nonprofit reporting and compliance. Christine helps organizations examine and recognize changes and updates to the nonprofit tax law.

CPE Information
CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Basic
Delivery Method: Web-Based Group Session

Additional Information:
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.

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