4069 | On Demand | Intermediate | Self-Study
Maintaining Tax Exemption
Friday, May 1, 2020 - Friday, April 30, 2021
In this CPE course, you will learn about the organizational and operational requirements to establish and maintain tax exemption. Through real world examples, you will understand the more important areas where tax-exemption can be threatened. Also discussed are activities and transactions that NFPs should limit or avoid to protect their tax-exempt status
- Distinguish between organizational and operational requirements for charitable and other exempt organizations
- Determine important areas where tax-exemption can be threatened
- Identify situations that could result in IRS revocation of an organization's tax-exempt status
- Brian Yacker (view bio)
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
- Establishing and protecting tax exemption
- Tools to verify tax exemption
- Protecting tax exemption
- Organizational and operational issues
- Recordkeeping and substantiation
- Uncertain tax positions
- Lobbying and political activities
- Private inurement and benefit
- Excess benefit transactions
- Reasonable compensation
- Excise taxes and penalties
- Revocation of exempt status
Brian Yacker, CPA, JD, <b/> is a Partner with YH Advisors, The Exempt Org Experts. Brian has over 20 years of tax, legal, and accounting experience in the exempt organizations area. Brian focuses exclusively in working with exempt organizations. In this regard, Brian possesses a vast amount of experience and expertise in preparing and reviewing Forms 990, 990-T, 990-PF and state tax-exempt forms. Brian also has extensive experience in the preparation and filing of both federal and state tax exemption applications for public charities, private foundations, and other exempt organizations.
Areas of exempt organization consultation which Brian possesses expertise include public support test calculations and planning, preparation of reasonable compensation rebuttable presumption binders and Reasonable Compensation Studies, governance best practices consultation, recommendations regarding effective Bylaws, conducting of EO Governance Check-Ups, compliance with the §501(h) lobbying safe harbor, proper functional expense allocations, maximizing charity watchdog ratings, and the proper internal and external reporting of special event fundraisers. Representative clients include hospitals and other healthcare organizations, universities and colleges, private foundations (family foundations/private operating foundations/corporate foundations), trade organizations, social clubs, other public charities, youth organizations, religious organizations, and amateur sports organizations.
Brian is actively involved in the AAA-CPA, serving on their Board of Directors, Finance Committee and Executive Committee. Brian also serves on the Board of Directors (and is an Executive Committee member) for BookEnds and the Long Beach Nonprofit Partnership. Brian is a member of the American Bar Association (and a participant on their Exempt Organizations Committee) and the California Bar Association's Tax Section. Brian is also a member of the AICPA’s EO Tax Technical Resource Committee.
Along with Lauren Haverlock, Brian annually conducts a great many full-day exempt organization tax technical presentations, including advanced public charities issues, intermediate public charities issues, Form 990 primer, private foundations tax primer and advanced private foundations tax and legal issues. Additionally, along with Lauren, they conduct periodic exempt organization webinars on selected exempt organization tax and legal topics.
Brian earned his Bachelors degree in Finance/Marketing from the University of Virginia and his Juris Doctor from the Indiana University School of Law (Bloomington).