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IRS Launches Online Exemption Workshop
In mid-January, IRS introduced a new Web-based version of its popular exempt
organizations training workshop covering tax compliance issues confronted by
small and mid-sized exempt organizations.
The workshop, "Stay Exempt—Tax Basics for 501(c)(3)s" consists of
five interactive modules on tax compliance for (c)(3)s. They include:
- How can you keep your 501(c)(3) exempt?
(Approximately thirty minutes)
- Unrelated Business Income (Approximately
thirty minutes)
- Employment Tax Issues (Approximately
thirty minutes)
- Form 990 (Approximately sixty minutes)
- Required Disclosure (Approximately
thirty minutes)
The sessions are conducted with questions
and answers and challenge your mastery
of the subject with games and exercises.
There is also a resource library with course
descriptions and summaries, a glossary
of terms used in training, and links to
each IRS form and publication.
The sessions are rather general, but they
do serve as a good overview of the exempt
organization’s area. Although the
workshops are directed at 501(c)(3) organizations,
all of the modules have some relevance
to organizations exempt under other Sections
of 501, particularly the last four topics.
The workshops are available at www.stayexempt.org and
also at www.irs.gov.
Click on Charities.
"A limited
number of copies have been reprinted
by the American Camp Association with
permission of the Publisher, Organization
Management, Inc."
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