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Financial and Management Issues Affecting All Exempt Organizations
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EXEMPT ORGANIZATIONS CONFERENCE COMMITTEE
Ethan Kahn, CPA Mazars USA LLP New York, NY Michael Schall, CPA Schall & Ashenfarb, CPAs, LLC New York, NY
HOW TO REGISTER
Online at www.nysscpa.org/exempt17 By phone at (212) 719-8383 or (800) 537-3635 See nysscpa.org for registration policy
for Not-for-profit Organizations to Understand, Manage, and Minimize Taxes from Real Estate Occupancy and Operations
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The Foundation for Accounting Education (FAE) of the New York State Society of CPAs (NYSSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
New York, 000372 New Jersey, 20CE00022200 Pennsylvania, PX177239 NASBA 119366 (Group-Live; Group-Internet Based)
Visit www.nysscpa.org/exempt17 or call 800-537-3635 to register!
Not a Member? Join the NYSSCPA and save on this and hundreds of other CPE offerings (nysscpa.org/membership).
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WHO SHOULD ATTEND? Practitioners working with exempt organizations, CEOs, COOs, CFOs, members of boards of directors, financial staff of nonprofit organizations, quality control officers, compliance officers, internal auditors, preparers of Form 990, and nonprofit attorneys.
In-Depth Look into the World of Tax Exemption for 501(c) Organizations: An Excellent Overview for Executives, Board Members, and Nonprofit Auditors
PROGRAM DETAILS: Time: 8:30 a.m.–5:00 p.m. (Check-in begins at 8:00 a.m.) Field of Study: Taxation CPE Credit Hours: 8 Course Code: 25507811 (In-Person); 35507811 (Online) Member Price: $360 (Online); $385 (In-Person) Nonmember Price: $445 (Online); $480 (In-Person)
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The FAE is a registered CPE Sponsor in these states with the following sponsor numbers:
14 Wall Street, 19th Floor New York, NY 10005 www.nysscpa.org 1-800-nysscpa
UPDATES FROM EXPERTS IN THE EXEMPT ORGANIZATIONS SECTOR
Tuesday, December 12, 2017 New York City Bar Association 42 West 44th Street New York, NY 10036 (Also Available Online)
UPDATES FROM EXPERTS IN THE EXEMPT ORGANIZATIONS SECTOR
Fast-paced Journey Through the Practical Implications of the IRS Exempt Organization Division’s Current Structure and Operational Game Plan
EXEMPT ORGANIZATIONS CONFERENCE
EXEMPT ORGANIZATIONS CONFERENCE
EXEMPT ORGANIZATIONS CONFERENCE
HIGHLIGHTS:
UPDATES FROM EXPERTS IN THE EXEMPT ORGANIZATIONS SECTOR
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12.12.17 / NEW YORK CITY BAR ASSOCIATION (ALSO AVAILABLE ONLINE)
REGISTER today at: www.nysscpa.org/exempt17 or call 800-537-3635.
Corporate sponsorships available: Call Allison at 410-584-1971 for more information.
EXEMPT ORGANIZATIONS CONFERENCE UPDATES FROM EXPERTS IN THE EXEMPT ORGANIZATIONS SECTOR TUESDAY, DECEMBER 12, 2017 – PROGRAM 8:00–8:30 a.m. Check-in, Continental Breakfast, and Networking 8:30–8:40 a.m. Welcome, and a Moment of Perspective Conference Chair: Ethan Kahn, CPA, Partner, Mazars USA LLP 8:40–9:40 a.m. Unifying the Nation’s State Filings and New York State Developments Speakers: n K aren Gano, Esq., Assistant Attorney General, State of Connecticut; President, National Association of State Charity Officials (NASCO) n K arin Kunstler Goldman, JD, Assistant Attorney General, Deputy Bureau Chief, New York State Attorney General’s Charities Bureau New York’s Charities Bureau is a leader in proactively using data from both its own and the IRS’s registration and annual return electronic databases to identify emerging compliance risk gaps while they can still be dealt with through public outreach and education. Ms. Goldman will discuss New York State filing updates, common issues noted with New York filings, and other areas of concern within the exempt organizations sector. Ms. Gano will speak about both the status of NASCO’s single electronic registration project and how regulators plan to use the data from both the registration project’s and annual return electronic databases to enhance transparency and compliance, as well as reduce problems requiring additional enforcement efforts. 9:40–10:30 a.m. Federal Tax Update: What to Expect from the IRS’s Exempt Organizations Division (EO) in a Time of Limited Resources Speaker: Eve Rose Borenstein, Esq., Partner, Borenstein and McVeigh Law Office LLC (BAM Law Office LLC) Ms. Borenstein will provide a fast-paced journey through the practical implications of the IRS’s EO Division’s current structure and operational game plan, including the use of 990 data mining to choose the “next best exam” case. Her presentation will speak to the division’s challenges and deployment of resources in favoring an increased examinations presence and processing of exemption applications. She will also address procedural compromises/improvements, new resources, and anticipated forthcoming guidance, as well as recent congressional or presidential mandates affecting the division’s operations. 10:30–10:45 a.m. Networking Break
10:45–11:40 a.m. Charities Bureau Oversight: A Review of Nonprofit Audits Speaker: James G. Sheehan, JD, Chief, New York State Attorney General’s Charities Bureau Listen as the Chief of the New York State Charities Bureau discusses initiatives such as the launching of a new charities registration system in spring 2018. He will also share some case studies from 2016–2017, including good, bad, and ugly heroic auditors, and will talk about the impact of recent AU-C (clarified auditing standards) changes on what the Bureau will look for and expect; signing the 990 (CPA representation and respective government reliance); and transactions reviews of nonprofit asset sales on houses of worship, development deals, managed care, and nursing homes. 11:40 a.m.–12:30 p.m. Tax and Regulatory Considerations–Part I Speaker: Allen L. Fetterman, CPA Learn the basics of tax exemption for 501(c) organizations. Topics will include obtaining and maintaining tax-exempt status, the acknowledgment of charitable contributions, public charity vs. private foundation status, unrelated business income, lobbying, and political activities. Nonprofit auditors, executives, and board members will get an excellent overview of the subject. 12:30–1:30 p.m. Networking Lunch 1:30–2:40 p.m. Exempt Organizations—Behind the Headlines Speaker: Louis J. Mezzina, CPA, Partner (Retired), Higher Education Research & Other Not-for-Profits, KPMG LLP This session will cover the latest news within the exempt organizations industry. Hear about the critical financial and management issues that affect all organizations. Don’t miss this up-to-date, all-encompassing presentation. 2:40–2:55 p.m. Networking Break 2:55–3:55 p.m.
Concurrent Session 1
they understand the potential tax and compliance impact. This concurrent session will be a discussion of common, unrelated business activities and their tax compliance consequences at both the federal and state levels. We’ll cover the critical issues surrounding federal and state UBIT filings, including various practical applications relating to several states, as well as areas to be aware of when conducting related transactions, and we’ll also provide strategic tactics relating to UBIT.
Concurrent Session 2 Property Taxes and UBIT, Relating to Real Estate for Nonprofits Speakers: n Glenn Newman, Esq., Shareholder, Greenberg Traurig, LLP n Elliott B. Pollack, Esq., LLB, Member, Pullman & Comley LLC The opportunities for not-for-profit organizations to understand, manage, and appropriately minimize tax in connection with capital projects and real estate occupancy and operations go well beyond the basics of exempt status with the IRS and state and local real estate taxes. This concurrent session will provide a broad range of examples that will have you thinking about maximizing exemptions from state and local sales and use taxes to which your organization may be entitled; taxes included in maintenance, repair, or renovation projects for which you may hire outside contractors or suppliers; taxes embedded in your utility and telecommunications bills; when real estate might be only partially exempt, and how it would then be valued; and special assessments for government infrastructure projects. Additionally, we’ll discuss whether or not real estate taxes are inevitable for not-for-profits as tenants of commercial buildings. 3:55–4:00 p.m. Room Change 4:00–4:55 p.m. Tax and Regulatory Considerations–Part II Speaker: Allen L. Fetterman, CPA In this continuation of Part I, take an in-depth look into the world of tax exemption for 501(c) organizations. Topics will include obtaining and maintaining tax-exempt status, the acknowledgment of charitable contributions, public charity vs. private foundation status, unrelated business income, lobbying, and political activities. Nonprofit auditors, executives, and board members will get an excellent overview of the subject. 4:55–5:00 p.m. Key Takeaway Points and Closing Remarks Conference Chair: Ethan Kahn, CPA, Partner, Mazars USA LLP
Federal and State UBIT Issues Speaker: Israel Tannenbaum, CPA, Senior Manager, Mazars USA, LLP As organizations seek to expand their income sources and venture out into revenue streams that may not be directly related to their charitable purpose, it’s imperative that
Find out more at www.nysscpa.org/exempt17
For Group Discount, call 800-537-3635
Agenda and speakers are subject to change. For the latest updates, including speaker bios, visit www.nysscpa.org/exempt17.
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