Instructor
Instructor
Instructor
Public support ratios (Bold)
In this session of the monthly Not-for-Profit Section’s webcast series, industry experts will:
– Focus on the Part II and III public support ratios
– Discuss real-world scenarios
– Offer tips and tricks for maintaining public charity status
*Differentiate between Section 509(a)(1) and Section 509(a)(2) public charities *Identify compliance/legal issues typically confronted by public charities when preparing Schedule A, Part II and Part III *Analyze different alternatives for a 501(c)(3) organization to protect their public charity status and common missteps that can occur
• Key definitions (public support / total support / substantial contributor / excess payor)
• Section 509(a)(1) public support test
• Section 509(a)(2) public support test
• Alternatives to maintain public charity status
• Consequences of failing the public support test
Knowledge of the not-for-profit industry
NFP tax preparers and users of NFP tax returns.