How to Avoid Revocation of Tax-Exempt Status
Overview:Treasury Decision 9390 was issued on March 28, 2008 by the Department of Treasury. Among its provisions include the final regulations that enumerate substantive requirements for tax exemption of organizations, including measures these organizations should adopt in order to maintain their tax exempt status. To continuously enjoy this, educational, charitable and other non-profit organizations should operate with the public interest in view. These organizations should familiarize themselves of this development to avoid revocation of their exempt status.
The Knowledge Congress assembles a panel of experts to fully discus what this new regulation is all about. Keynote speakers from leading industries and government regulators are scheduled to speak in this two-hour teleconference and webinar.
<strong id="ep-name-of-speaker">Rick Speizman, National Partner-In-Charge, Exempt Organizations Tax Practice (ExoTax)</strong>
<em id="ep-speaker-firm">KPMG LLP </em>
A. Pre-TBOR 2
B. Section 4958 – intermediate sanctions
C. Proposed regulations - interplay between section 4958 and loss of tax exemption
<strong id="ep-name-of-speaker">Douglas M. Mancino, Partner</strong>
<em id="ep-speaker-firm">McDermott Will & Emery LLP </em>
II. Final Regulations
A. Section 501(c)(3) - private benefit examples
B. Section 501(c)(3) - determination of whether revocation is appropriate when section 4958 also applies.
<strong id="ep-name-of-speaker">Alexander Reid , Associate</strong>
<em id="ep-speaker-firm">Skadden, Arps, Slate, Meagher & Flom LLP </em>
C. Section 4958 – when section 4958 applies
Who Should Attend:
- Tax Attorneys for non profits
- Managing Directors & Presidents
- Finance & Accounting for non profits
- Financial Officers
- Senior Officers
- Tax-exempt Auditors
Richard A. ("Rick") Speizman , based in KPMG LLP’s Washington National Tax office , is the National Partner-In-Charge of KPMG’s Exempt Organizations Tax Practice or “ExoTax”. KPMG’s ExoTax practice assists clients with all types of tax matters, from compliance to consulting. Mr. Speizman joined KPMG in 1994. Prior to joining KPMG, he spent 11 years with the national tax practice of another “big four” accounting firm. Mr. Speizman serves clients around the country, and speaks and writes frequently on tax-exempt organization tax matters.
Richard A. ("Rick") Speizman , based in KPMG LLP’s Washington National Tax office , is the National Partner-In-Charge of KPMG’s …
Douglas M. Mancino is a partner in McDermott Will & Emery LLP’s Los Angeles office. He has represented all types of nonprofit organizations for more than 30 years on tax, business and financial matters. He represents organizations and individuals in connection with the formation of nonprofit organizations such as public charities, private foundations, corporate foundations and trade associations; corporate transactions such as mergers and acquisitions; joint ventures; shared services; conversions from nonprofit to for-profit status, and restructuring of corporate organizations. He has extensive experience in audit, appeals and tax controversy matters, has served as lead tax counsel in 15 audits conducted by the IRS as part of its Coordinated and Team Examination Programs for large tax-exempt organizations, and has litigated several tax cases in the U.S. Tax Court and in the U. S. Court of Appeals.
Mr. Mancino was profiled by California Law Business as one of the lawyers most frequently cited by their peers among California’s most prominent practitioners in the tax exempt organizations and health care fields. Mr. Mancino also has been recognized by The National Law Journal as one of the nation’s leading managed care lawyers, by the Los Angeles Business Journal as one of Southern California’s top 100 health care executives, and by Los Angeles Magazine as one of L.A.’s “Super Lawyers.” He has also been named in The Best Lawyers in America, 1991-2009 editions (Health Care Law and Non-Profit/Charities Law) and is listed in Who's Who in America, Who's Who in American Law and Chambers USA America's Leading Lawyers for Business.
Douglas M. Mancino is a partner in McDermott Will & Emery LLP’s Los Angeles office. He has represented all types …
Alexander Reid is an associate in the tax practice of the Washington, D.C., office of Skadden, Arps, Slate, Meagher and Flom LLP. He advises both taxable and tax-exempt clients on a wide variety of matters, including governance, corporate transactions, examinations, and administrative guidance from the Internal Revenue Service and Treasury Department. He is vice-chairman of the Tax-Exempt Organizations Committee of the Washington, D.C. Bar.
Alex received a B.A. in philosophy from Yale and a J.D. and LL.M. (tax) from New York University School of Law, where he was Editor-in-Chief of the New York University Law Review. Alex was a Fellow at the National Center for Philanthropy and the Law where he co-authored “A Call for Reform of the Operational Test for Unrelated Commercial Activity in Charities,” 76 N.Y.U. L. Rev. 1855 (2001). He was a Fellow in the Office of Tax Policy at the Treasury Department in 2001 and 2002 where he worked on a variety of guidance projects involving tax-exempt organizations.
Alex is admitted to practice in the District of Columbia, Massachusetts, New York, and the United States Tax Court.
Alexander Reid is an associate in the tax practice of the Washington, D.C., office of Skadden, Arps, Slate, Meagher and …
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