TAXATION OF EXEMPT ORGANIZATIONS
(LAWN-8080) - 2 UNITS
This course will cover the key statutes, regulations, cases, forms and other guidance applicable to nonprofit organizations that are exempt from federal income tax under section 501(c) of the Internal Revenue Code. Topics include qualifying for exemption, filing requirements, limits on private benefit, political activities, and private foundations. Some of the material consists of broad standards involving the most difficult questions we face as a nation. Other assignments involve technical and complicated calculations. We will focus primarily on section 501(c)(3), the category often referred to as "charities," but much of the material will apply to other kinds of section 501(c)(3) organizations as well. Whether you intend to specialize in nonprofits, do pro bono work, serve on a board of a nonprofit organization, or simply care about our country's future, knowledge of tax-exempt organization can enrich your life as well as your career.