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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Accounting

Date & Time
  • event Date

    Thursday, November 6, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

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MSRP
$197.00
$167.45
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Discount expires 9/30/25

This course is $0 with these passes:

CPE
ALL

This webinar will review how recent legislation, including the tax changes made by the One Big Beautiful Bill Act (OBBBA), affects tax-exempt organizations. Our panel of experts will highlight the provisions under OBBBA relevant to nonprofit organizations (NPOs) and outline the steps these organizations should take in response to these changes.

Faculty

James B. Wise
Attorney
BakerHostetler

Mr. Wise focuses his practice on advising public charities, private and community foundations, trade associations, international development associations and many other tax-exempt organizations in their pursuit of charitable and social goals. Working with boards of directors and management, he counsels organizations on planning, structuring, governance, investigations, tax compliance and transactional matters. Mr. Wise joined BakerHostetler from the Internal Revenue Service, where he drafted various public and private guidance regarding public and private charities, state and local governments, charitable trusts and estates. He also conducted taxpayer conferences for private letter ruling submissions and provided field support for tax litigation and determination letters.

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Description

Nonprofit organizations have been particularly hard hit by recent legislation. OBBBA introduced reductions to charitable contributions, including a .5% floor for charitable donations for itemizers and a 1% floor for corporate contributions. For generous taxpayers, contributions are permanently limited to 60% of AGI (adjusted gross income). On a positive note, it extends and increases the charitable deduction for non-itemizers, allowing a deduction of $1,000 ($2,000 MFJ).

Even more concerning for tax-exempt entities are the recent funding cuts. Many organizations' federal grants have been frozen or eliminated, while the status of others remains unknown. NPOs need to grasp recent legislative changes and prepare for the ramifications of these major modifications.

Listen as our panel of nonprofit professionals discusses the impact of recent legislation on nonprofit organizations and offers advice for tax-exempt entities and their advisers. 

Outline

I. NPOs and recent legislation: introduction

II. Funding cuts

III. Charitable contribution modifications

A. Individuals

B. Corporations

IV. University endowment tax

V. Excise tax on excess compensation

VI. New credit for donations to scholarship organizations

VII. Other considerations

Benefits

The panel will discuss these and other critical issues:

  • New rules for charitable deductions for individuals and corporations
  • Handling reductions in federal funding
  • Application of Section 4960 excise tax on compensation
  • New tax credit for contributions to scholarship-granting organizations

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify employees paid excess compensation under Section 4960
  • Determine how the changes to the itemized deduction cap impact charitable deductions
  • Decide strategies to mitigate the impact of recent legislative changes
  • Ascertain changes made to charitable contribution deductions for individual taxpayers

  • Field of Study: Accounting
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Specific knowledge and understanding of cost allocation principles; familiarity with government standards for nonprofit organizations receiving federal grant monies.


Strafford Publications, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.