You’ll learn to identify basic tax and compliance issues related to unrelated business income taxes of tax-exempt, not-for-profit entities.
Learning Objectives
- Learning Outcomes
- Differentiate between expenses and losses.
- Identify NFP reporting requirements of expenses by nature and function.
- Recognize proper accounting for expenses related to fundraising activities.
- Recall the proper accounting treatment for expenses related to joint activities.
- Recognize other expenses unique to NFPs.
