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 H. Raattama, Jr., 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
      • The Statute
      • Political Expenditures
      • Prohibited Tax Shelters
  5. Becoming a §501(c)(3)
      • The Process
      • Form 1023
      •  Disclosure Requirements
      • Record Keeping
      • 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
      • The statute – 1924
      • The Regulation – 1959
      • The Proposed Regulation – 2013
  8. Practical Topics
      • Type of Organization
      • Public and Private Charity Status
      • Articles of Incorporation – Florida
      • By laws – Florida
      • Election of Directors – Florida
      • Annual Meeting – Florida
      • Registered Agent – Florida
      • Minutes and Records
      • Tax Returns
      • 10 Foreign (non-Florida) Organizations
      • State Income Tax
      • Solicitation of Funds Registration
      • Quid Pro Quo Contributions
      • Sales Tax Exemptions
      • Gambling
      • Unrelated Business Income
      • D & O Insurance
      • Investments & Investment Policies

Instructor

Hank Raattama, Esq.

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