Exempt Organizations Advisory - IRS Launches Online Training Tool for Exempt Organizations

On January 18, the IRS released an interactive web-based training program for small and mid-sized exempt organizations. The training tool, Stay Exempt – Tax Basics for 501(c)(3)s, consists of the following five modules on tax compliance topics for exempt organizations:

• Tax-Exempt Status - How can you keep your 501(c)(3) exempt?
• Unrelated Business Income - Does your organization generate taxable income?
• Employment Issues - How should you treat your workers for tax purposes?
• Form 990 - Would you like to file an error-free return?
• Required Disclosures - To whom do you have to show your records?

The online workshop, which can be accessed at www.stayexempt.org, is free, it does not require registration, and users remain anonymous.