International Tax Compliance for Nonprofits

Speaker: Jennifer Harris, CPA,

Format

Video

Level

Intermediate

Duration

1h 15m

This video helps organisations and practitioners understand when US filings are required.

Learning outcomes

Understanding of the foreign filing requirements for organizations (FBARs, Forms 5471, 8865, 8858, 8621, etc)
Identify planning ideas for organizations to consider when making foreign investments or operating abroad from a US tax perspective.

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Product information

Overview

Schedule F of the Form 990 has a list of trigger questions related to potential foreign filing an exempt organization may need to file with the Form 990 or Form 990-T, however, there are not clear instructions for when the filings will apply. Furthermore, many of the US international tax provisions do not contemplate exempt organizations and thus reviewing the foreign filing instructions can be difficult to understand when a filing is needed.

This video helps organisations and practitioners understand when US filings are required. In addition, the video covers the TCJA 2017 and how GILTI and the changes in the controlled foreign corporation may affect the reporting obligations of organizations with foreign investments (including foreign program entities). We briefly cover the rules under Sec. 965 for fiscal year end taxpayers.

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.
Programme level:	Intermediate
Duration:	1h 15m
Format:	Video
Access:	This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Speaker

Jennifer Harris, CPA,
Jennifer is a tax shareholder with Clark Nuber in Bellevue, Washington, where she specializes in tax-exempt organizations. Her practice primarily focuses on consulting and compliance for public charities and private foundations including international matters, alternative investments, unrelated business income tax, fundraising events, commercial co-venturers, corporate governance and IRS controversy. In addition, she assists individuals with charitable gift planning. Jennifer is a co-author and editor of the Form 990 Compliance Guide, Private Foundation Handbook and Compliance Guide, Tax Cuts and Jobs Act Impact Guide to Exempt Organizations, by Clark Nuber and published by CCH, a Wolters Kluwer business. She is frequent speaker on exempt organization and charitable giving matters with the AICPA, state societies and other professional

She is a graduate of the Washington State University and holds a master's degree in Taxation from Golden Gate University. Jennifer is a member of the American Institute of Certified Public Accountants (AICPA) and Washington Society of Certified Public Accountants (WSCPA). She is member of the AICPA's Exempt Organizations Taxation Technical Resource Panel and participates in exempt organization advocacy with TE/GE Council. She is a frequent speaker at the AICPA's Nonprofit Industry Conference and the Private Foundation Summit. She also speaks on exempt organization tax topics for state CPA societies and other industry groups.