CPE Self-Study

Tax-Exempt Status: Not-for-Profit Tax Compliance

  • $59.00-$69.00
    Tax-Exempt Status: Not-for-Profit Tax Compliance Availability : Online Access Product #: 165141
    AICPA Member: $59.00
    Non-Member: $69.00
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    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-TAX1

This CPE course is included in the 40-hour Not-for-Profit Certificate Program. It can also be purchased individually or as a part of the Not-for-Profit Tax Compliance track.

Because not-for-profits (NFPs) exist to fulfill a public need, they must comply with federal laws to obtain and maintain tax-exempt status. This CPE course focuses on the tax compliance fundamentals for charitable organizations and gives insight into issues of the various types of other tax-exempt organizations in the NFP sector, such as business leagues, associations and fraternal organizations, among others. Topics covered include applying for exemption, eligibility to receive tax-deductible contributions, the public support test for public charities, and an overview of activities that may jeopardize an NFP’s tax-exempt status.

Topics Discussed:

  • The meaning of tax-exempt status
  • Exempt organizations in the NFP sector
  • 501 (c)(3) charitable organizations
  • Public charities
  • Public support test requirement
  • Private foundations
  • Other tax-exempt entities
  • Eligibility to receive tax-deductible contributions
  • Life cycle of an exempt organization
  • Applying for exemption
  • Required filings
  • Ongoing compliance requirements

Learning Objectives:

When you complete this course, you will be able to:

  • Recall what it means to have tax-exempt status.
  • Differentiate between and recognize the basic compliance requirements of various types of tax-exempt organizations, including charitable organizations.
  • Identify the IRS filing requirements for exempt organizations.
  • Recall the activities that a tax-exempt organization should limit to protect its tax-exempt status.
  • Identify the criteria for qualifying as a 501(c)(3) charitable organization and those organizations that may qualify as publicly supported.
  • Recall how to perform the public support test calculation.

Who Will Benefit?

  • CPAs, financial professionals and NFP board members who need an overview of tax-exempt status and basic compliance issues facing not-for-profits.

Prerequisite: None

Advanced Preparation: None


Not-for-Profit Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

System Requirements

About the Authors

MTAX and William E. Turco, CPA

McGladrey LLP

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.