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ASC 740: Accounting for Uncertain Tax Positions for Nonprofits

 

Identify and assess potential uncertain tax positions related to a nonprofit's exemption status and unrelated business income.

All business entities, including nonprofits, are subject to the disclosure of uncertain tax positions, but many nonprofit leaders are unaware of how this requirement impacts nonprofits. They are also not aware of the various types of uncertain tax positions that a nonprofit may need to evaluate for disclosure. This presentation will help the persons responsible for disclosure of uncertain tax positions for nonprofits recognize and evaluate potential uncertain tax positions related to the nonprofit's exemption status and unrelated business income.