Description
The OBBBA provides significant changes to the U.S. income tax code impacting nonprofits and donors. The impact on tax-exempt organizations will have serious operational and tax reporting impacts on nonprofit entities and donors. For tax advisers and executives serving exempt organizations, the new law creates significant challenges.
The OBBBA contains provisions directly aimed at exempt organizations, including the expansion of the definition of covered employees, increases in excise taxes for private colleges and universities, changes to charitable contribution deductions, and other items impacting the operations and tax compliance of these organizations and donors.
Listen as our experienced panel provides a critical first look at the implications of OBBBA on nonprofit entities and donors, enabling tax advisers to get a grasp on the impact of the new law on exempt organization clients.
Presented By
Ms. Denton specializes in tax compliance primarily for non-profit organizations including higher education institutions, hospitals, and social service organizations. In addition, she has experience in tax compliance for charitable remainder trusts, employee benefit plans, individuals, corporations, and partnerships.
Mr. Fleming focuses his practice on serving the legal needs of nonprofit organizations primarily in the areas of corporate law and governance, charitable trusts, federal, state and local tax matters, fiduciary duties, charitable fundraising, and related matters. He regularly acts as outside general counsel to a variety of nonprofit organizations, including publicly supported charities, private foundations, mental health organizations, social service providers, museums, educational institutions, and health care facilities. In this capacity, Mr. Fleming advises these organizations on all manner of issues affecting their operations including corporate formation and qualification for tax-exempt status, federal tax law compliance, nonprofit mergers and acquisitions, strategic alliances, corporate governance matters, charitable contribution issues, and unrelated business income tax questions.
Mr. Tenney is a Director, Washington National Tax at Forvis Mazars.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Monday, September 29, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Provisions in 2025 tax legislation pertaining directly to tax-exempt organizations and donors
II. UBTI/UBIT calculations and reporting
III. Compensation of "covered employees"
IV. Business and individual provisions that will impact tax-exempt organizations
The panel will discuss these and other key issues:
- How certain excise taxes are applied and calculated under the new law
- Tax reporting requirements under OBBBA
- Impact on compensation of "covered employees"
- Strategies for minimizing UBIT and excise taxes on compensation
- Assessing the likely impact of reduced incentives for individual taxpayers to itemize on exempt orgs reliant on deductible contributions
