Tax Exempt Status CLE
Tax Exempt Status: How to Avoid 501(c)(3) Revocation



Live Webcast/Rebroadcast – You watch the course online at the specified date and time shown below. You can ask questions and receive answers during the course.

On-Demand – You watch the course anytime and will have access to the course 24/7. Our On-Demand courses are available within 5-10 business days after the original recording and accessible for one year.

Course Description

This program was recorded on January 15, 2020

In order to fulfill their mission and obtain funding, most nonprofits must obtain 501(c)(3) tax-exempt status. After the IRS grants a nonprofit tax-exempt status, there are many ongoing compliance requirements that are required in order to keep the status. As volunteer organizations, many nonprofits simply don’t understand the requirements and fail to keep proper records or file their annual informational returns. This presentation will inform practitioners on how to help their clients avoid losing tax-exempt status and how to reinstate their status when necessary.

Attorney Nikki SemanchikNikki Semanchik
Nikki Semanchik is the Founding Attorney of Semanchik Law Group, Inc., a business and nonprofit firm located in San Diego, California. Nikki started out her legal career advising small businesses and individuals in need of estate planning. An interest in international law and her background in immigration led her to represent multi-national high-net-worth individuals with business law, asset protection and tax planning. After assisting clients with tax planning through the formation of private foundations and charitable trusts, Nikki found herself drawn to the specialty area of nonprofit law. She now assists nonprofit organizations with formation, compliance, and governance.

Contact Nikki Semanchik

1 General Credit

ProLawCLE will seek approval of any CLE program where the registering attorney is primarily licensed with exceptions stated below. Application is made at the time an attorney registers for a course, therefore approval may not be received at the time of broadcasting.

ProLawCLE does not seek approval in the state of Virginia.

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AK, AR, CO, FL, ME, MT, ND, NH, NJ, NY, and PR.

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Each On-Demand course is available to you for 1 year from date of purchase. Additionally, CLE credit is only available within that year.

  1. Benefits of 501(c)(3) Status
  2. Preliminary Requirements for Qualifying for 501(c)(3) Status
  3. Record Keeping
  4. IRS Annual Filing Requirements
  5. Public Disclosure Requirements
  6. Auto Revocation
  7. Reinstatement Process
  8. Potential IRS Penalties
  9. Additional Reasons for Revocation
  10. Effect of Loss of Tax-Exempt Status
  11. State Filing Requirements