Establishing Exempt Organizations: 501(c)(3) and 501(c)(4) (On-Demand)

$169.00

This program will cover in-depth the law and process of organizations described in IRC § 501(c)(3) from beginning to end. Section 501(c)(4) organizations and the recent changes in the applicable law will be covered. In addition, there will be a discussion of practical tips for § 501(c)(3) organizations and operations.

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Event Details

Course Type

Course Instructor

Hank Raattama, Esq.

Original Date Of Course

General Credits

2

Course Description

This program will cover in-depth the law and process of organizations described in IRC § 501(c)(3) from beginning to end. Section 501(c)(4) organizations and the recent changes in the applicable law will be covered. In addition, there will be a discussion of practical tips for § 501(c)(3) organizations and operations.

Principles

  • Exempt Organizations
  • IRC Section 501(c)(1) – (29)
  • Charitable Deduction Organizations
  • Becoming a §501(c)(3)
  • Process for §§501(c)(4), 501(c)(5), 501(c)(6), plus others
  • Section 501(c)(4) Organization – the new kid on the block
  • Practical Topics
  • Governance

Syllabus

  1. Exempt Organizations
  2. IRC Section 501(c)(1) – (29)
  3. Charitable Deduction Organizations
  4. Section 501(c)(3) – Analysis
    1. The Statute
    2. Political Expenditures
    3. Prohibited Tax Shelters
  5. V. Becoming a §501(c)(3)
    1. The Process
    2. Form 1023
    3.  Disclosure Requirements
    4. Record Keeping
    5. Automatic Revocation
  6. Process for §§501(c)(4), 501(c)(5), 501(c)(6), plus others
  7. Section 501(c)(4) Organization – the new kid on the block
    1. The statute – 1924
    2. The Regulation – 1959
    3. The Proposed Regulation – 2013
  8. Practical Topics
    1. Type of Organization
    2. Public and Private Charity Status
    3. Articles of Incorporation – Florida
    4. By laws – Florida
    5. Election of Directors – Florida
    6. Annual Meeting – Florida
    7. Registered Agent – Florida
    8. Minutes and Records
    9. Tax Returns
    10. 10 Foreign (non-Florida) Organizations
    11. State Income Tax
    12. Solicitation of Funds Registration
    13. Quid Pro Quo Contributions
    14. Sales Tax Exemptions
    15. Gambling
    16. Unrelated Business Income
    17. D & O Insurance
    18. Investments & Investment Policies

Instructor

Hank Raattama, Esq.

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