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Description: A discussion of the latest tax provisions from the recent Tax Cuts and Jobs Act and their impact on non-profit entities, including charities, hospitals, and universities, including issues related to Paycheck Protection Program loans.

Learning Objectives: To provide an update on the Tax Cuts and Jobs Acttax provisions related to non-profit entities.

Program Content:

  • Recent tax legislation and developments related to non-profit entities such as charities, hospitals, universities and other non-profits
  • A discussion of the basics of unrelated business income tax
  • Excise tax on salaries exceeding $1 million
  • Denial of fringe benefits and taxation of their value as UBIT
  • Separating businesses for purposes of UBIT
  • Excess parachute payments
  • Tax on endowment fundsPaycheck Protection Program eligibility for non-profits

Who should attend: CPAs working in public accounting firms and members in industry.

Program Level: Intermediate

Developed By: Federal Tax Workshops, Inc

Instructor: Steven C. Dilley, CPA, JD, PhD

CPE Credit: 2.5

Note: This course qualifies for PTIN credit.

Field of Study: Taxation

Prerequisites: Basic working knoweldge of nonprofit taxation.

Advanced Preparation: None

Steven C. Dilley, CPA, JD, PhD

Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.

In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.