Course Description:
The start of a new year provides a chance to reflect on the past year and look ahead to new priorities. Join us as we take a look back at key tax provisions from 2020 and how those will impact tax reporting in 2021. We will review reporting requirements related to COVID-19 legislation, including the Payroll Protection Program Loans and payroll tax provisions. In addition, we will address regulations related to unrelated business income and executive compensation and what your organization should be doing to ensure you are properly addressing this new guidance. We will then look forward to address areas of IRS and state focus that will impact nonprofit organizations in 2021. We will share potential risk areas and provide insight on what your organization should address to be prepared for the year ahead. You will leave this session feeling ready for 2021 from a tax perspective.

Learning Objectives: 

• Analyze the impact of COVID-19-related tax provisions on tax reporting for nonprofits.
• Review recent regulations regarding unrelated business income and excess remuneration to
  develop reporting strategies.
• Discuss areas of focus for the IRS and state regulators to identify potential risk areas.

Presenters:
Kim Hunwardsen, CPA | Partner-in-Charge of Tax-Exempt Services of Eide Bailly
Kim delivers tax services to nonprofits and healthcare providers, working closely with tax-exempt organizations to provide comprehensive tax consulting, planning and compliance expertise. She joined Eide Bailly in 2002 and guides clients through changes in tax reporting requirements and tax law. She assists nonprofits in formations of new entities, annual compliance requirements and all other tax-related issues.

Christine Perez, CPA | Manager of Eide Bailly
Christine is a manager in our exempt organization tax practice and a member of Eide Bailly’s National Tax Office. Christine has more than 10 years of public accounting experience working with a variety of tax-exempt organizations and assisting with tax compliance and strategy as well as providing technical research and analysis. She assists nonprofits with applications for and the reinstatement of tax-exempt status, unrelated business income studies, annual compliance and other tax-related issues.

CPE Information
CPE Credit: 1
Field of Study: Tax
Level of Knowledge: Update
Delivery Method: Group-Internet Based

Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.