Charities and Their Volunteers
Seminar Level: Beginner
Field of Study: Taxes
Important information regarding CPE credit: The IRS Office of Professional Responsibility accepts this seminar for one (1) Continuing Professional Education (CPE) credit for enrolled agents. If you are not an enrolled agent, please consult with your respective state licensing agency regarding acceptability of this credit.
IRS-Communications & Liaison IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE ADDRESSED TO THE NATIONAL REGISTRY OF CPE SPONSORS, 150 FOURTH AVENUE NORTH, SUITE 700, NASHVILLE, TN, 37219-2417. WEBSITE: WWW.NASBA.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON July 28, 2010, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Exempt Organizations (EO) unit of the Tax Exempt and Government Entities division delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2010.
Realizing that tax-exempt organizations often rely heavily on their volunteers, this seminar will address tax-related issues for both the charity and the volunteer, including reimbursement of expenses incurred by volunteers; substantiation to claim deductions for expenses; recordkeeping requirements; and activities that can convert a "volunteer" into an "employee" of an exempt organization.
By the end of this presentation you will:
- be able to determine which out-of-pocket expenses are deductible by the volunteer.
- know which expenses are not deductible by the volunteer.
- understand the record-keeping requirements for the volunteer.
- know how you can properly reimburse or show appreciation to volunteers.
- know what records the charity must maintain for volunteers.
No prerequisites or advanced preparation are required for this seminar.
CPE credit is available for this seminar. If you would like to earn credit for a seminar, you must have an account with the IRS Nationwide Tax Forums Online and purchase the seminar for $49.00. You can purchase seminars one at a time or as a group. After completing the purchase through PayPal, you will be returned to your status page on www.irstaxforumsonline.com. You have one calendar year from the date of purchase to complete the course. NOTE: Purchasing a course via PayPal e-check can take up to 10 business days to post. Your course will only appear in your Status Page after your e-check has cleared.
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