Nonprofit Organizations Course
3 Hours of CPE Credit
This seminar will benefit officers and members of all organizations and retailers who make sales to entities that have received a nonprofit designation (501C) from the IRS. It will also be helpful for tax preparers who work for these entities. Topics covered will include:
- Exempt status for federal income tax purposes vs. exempt status for Nebraska and local sales tax purposes;
- Sales and use tax consequences for purchases made by exempt entities and their members;
- Donations to exempt entities;
- Sales made by exempt organizations, including auctions; and
- Special events and fundraisers.
There will be time for attendees ask questions and get answers.
Course Materials
- PowerPoint (not available)
[Printer-friendly, black and white version]
- Nebraska Taxation of Nonprofit Organizations Information Guide
- Sales and Use Tax Guide for Governmental Entities
- Sales and Use Tax Responsibilities of Elementary Schools, Parent Booster Clubs, Parent-Teacher Associations, and Student Organiz
- Form 2, Business Nebraska and Local Use Tax Return
- Form 4, Nebraska Exemption Application for Sales and Use Tax
- Form 13, Nebraska Resale or Exempt Sale Certificate
- Form 20, Nebraska Tax Application
- Evaluation Form