Nonprofits and Taxing Issues August 13, 2009

This workshop will review major tax considerations and an overview of the new Form 990 requirements. Nonprofit leaders often mistakenly assume that since they are a tax exempt organization, they aren’t required to pay taxes. Failure to comply with IRS rules causes severe penalties, and could even cause an organization to lose it’s tax exempt status. Come to this SkillBuilder to learn more about tax issues as they relate to nonprofits.

This SkillBuilder will include:

-Unrelated Business Income Tax – What is “unrelated” and how do you pay the tax?
-In-Kind donations – How do you record the value and what are the reporting requirements?
-Employment taxes – Which do I pay and which am I exempt from?

Official Website: http://www.nonprofitmaine.org/skillbuilder_view_region.asp