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On-Demand Webinar: 2020 Not-for-Profit Tax Update

Withum’s not-for-profit weekly virtual learning series: Navigating New Roads

Listen in as our not-for-profit experts discuss how the following tax topics as they apply to Not-for-Profit businesses and organizations:

  • Extended dates for filing Forms 990, 990-EZ, 990-PF and 990-T
  • Non-itemizers contribution deduction for 2020 and increased 2020 itemizer individual and corporate contribution deduction limitations
  • Rescinding of the IRC Section 512(a)(7) unrelated business income tax on parking paid for or provided to employees
  • Proposed regulations relating to the “siloing” of income from different unrelated business income-generating activities which lessen the ability to offset unrelated business income losses against positive unrelated business income
  • The new single excise tax rate for private foundation net investment income
  • Potential proposed regulations relating to Donor Advised Funds (DAFs) which would limit the ability for gifts from these funds to be considered public support to the organization receiving the gift
  • New proposed regulation on IRC Section 4960, the excise tax on excess  tax on compensation over $1,000,000

View Slide Deck

Viewers Will Learn How To:

  • Analyze the new non-itemizer deduction rule new contribution deduction limitations
  • Determine the process for UBIT refunds
  • Explain the limitations on offsetting UBIT losses against positive UBIT income
  • Identify issues from potential DAF proposed regulations and new IRC Section 4960 proposed regulations

Presenter

Visit our Not-for-Profit Center on YouTube to view more on-demand webinars in the Navigating New Roads series.

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