Video

  • 26 minutes

How to Rescue a Troubled Nonprofit - California Considerations

 
There are different income tax considerations for California purposes than there are for federal purposes. Organizations sometimes have problems on multiple fronts. This video discusses how troubles can arise, details on reinstating California tax-exemption, restoring good standing with the California Secretary of State, and the enforcement of the California Attorney General. Sometimes organizations move and the make sure their address is updated with the IRS … but they can’t stop there. The address needs to be updated with the FTB, the attorney general/registry of charitable trusts, and the secretary of state. Failure to do so is how some tax issues can occur. Our speaker, Louis E. Michelson, Esq., reviews how to lose the exemption, revocation in error, and California exemptions. He also discusses the Nonprofit Integrity Act of 2004 and modifications and enforcement of proposed regulations.

This is a sister presentation to another video on our website by Mr. Michelson: How to Rescue a Troubled Nonprofit – Federal Income Tax Considerations.

Louis E. Michelson, Esq. is the founder of the Law Offices of Louis E. Michelson, A Professional Corporation. His practice includes formation, board governance and tax issues for tax-exempt organizations and income tax planning to businesses in corporate, partnership and LLC structures. Mr. Michelson represents clients in connection in tax disputes before tax authorities. He is an instructor for UCLA Extension on taxation of nonprofit organizations. Mr. Michelson writes and speaks frequently on federal and California tax topics.
Runtime: 25 minutes

Faculty

Louis E. Michelson, Esq.

Louis E. Michelson, Esq.

Louis E. Michelson, A Professional Corporation

Agenda

Faculty

Louis E. Michelson, Esq.

Louis E. Michelson, Esq.

Louis E. Michelson, A Professional Corporation

  • Principal with Law Offices of Louis E. Michelson, A Professional Corporation
  • Practice focuses on planning, charitable giving and other federal, state and local taxation issues for tax-exempt organizations
  • He advises public charities, private foundations, religious and educational organizations, and other nonprofit organizations on issues of formation, management, joint ventures, planned giving and board governance
  • Speaks regularly on nonprofit and tax exemption legal matters
  • Lecturer at UCLA Extension on tax issues for nonprofit organizations
  • Immediate past chair of the Nonprofit Organizations Committee of the Business Law Section of the California Lawyers Association
  • J.D. degree, UCLA School of Law; M.S. degree in accountancy, DePaul University; B.A. Degree, with general honors, University of Chicago
  • Can be contacted at 310-843-0700 or [email protected]

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