New in 2013!
The ACPEN Signature Series™ schedule for 2013 is now online! These courses are the flagship CPE events of ACPEN. Signature Series™ courses, beginning in May each year, continue monthly throughout the year. Each showcases important and timely CPE topics, using enhanced production techniques, delivered by panels consisting of national experts, practitioners, and representatives of regulatory and standard setting bodies. To see what courses are included in the Series this year, please click on the ACPEN Signature Series category below. Signature Packages will be available soon along with ouy newly redesigned catalog!
ACPEN Signature Series: 2012 Not-for-Profit Accounting, Auditing and Tax Update
Length: 8 Hours
CPE Credits: 8
Our panel of experts will provide you with what you need to know about the latest and most important developments affecting non-profit organizations. They will provide a thorough review of the latest developments affecting tax and GAAP issues for these specialized entities. They will address all recent AICPA audit and accounting guidance affecting Not-for-Profits and the work of the Accountability Task Force.
In addition, this year’s course will focus on the following tax issues:
- How an exempt organization can apply for reinstatement of its tax exempt status.
- The IRS has released Schedule H, Hospitals, and its Instructions. The Schedule and Instructions reflect a number of changes made by the Patient Protection and Affordable Care Act, including new eligibility requirements under Code Sec. 501(r).
- Key distinctions between exempt hospitals and governmental hospitals indicate several problem areas. Until the IRS issues further guidance, governmental hospitals should take steps to validate whether they have dual-status under Code Sec. 501(c)(3) . For dual-status governmental hospitals, steps should be taken to document the need for dual status in the event the IRS provides a mechanism to terminate Code Sec. 501(c)(3) status. Finally, dual-status hospitals should plan to comply with the new requirements until the IRS issues further guidance.
- Notice 2011-52, 2011-30 IRB carries interim guidance on the community health needs assessment (CHNA) requirements that exempt hospitals will be required to meet in order to retain their Code Sec. 501(c)(3) status and avoid penalties. The CHNA requirements, which were carried in the Patient Protection and Affordable Care Act (Affordable Care Act, P.L. 111-148), are effective for tax years beginning after Mar. 23, 2012.
- Update, if available, on Public comments on transitional issues relating to redesigned Form 990
- Changes to the Form 990 and new FAQs, as available.
- General Updates:
- Charitable Deductions for Foster Cat Care
- Changes in the Conservation Easement donation area
- C. Clinton Davis, CPA, JD
C. Clinton Davis, CPA, JD, is a partner in the Dallas, Texas law firm of Krage & Janvey, LLP. He is a frequent presenter at continuing education programs for both accountants and lawyers, including not-for-profit organizations, partnership and real estate planning. He is the author of Texas Society of Certified Public Accountants (TSCPA) courses, Fundamentals of LLC and Partnership Taxation, and Tax Planning for Real Estate and Small Business. Clint is Board Certified in Tax Law by the Texas Board of Legal Specialization. He represents numerous pass-through and charitable entities. Clint has served as program chair or presenter on several ACPEN programs in the areas of tax, not-for profit and business entities.
- Lee Klumpp, CPA
- J. Michael Inzina, CPA, CGFM
- J. Michael Inzina, CPA, CGFM is president and CEO of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving the accounting and auditing community in audit efficiency, training, ethics and litigation support. He has over thirty years in public practice and is also a partner with the firm of Stagni & Company, LLC, concentrated in governments and nonprofit organizations. Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976. He is a member of the American Institute of CPAs, the Society of Louisiana CPAs, the Association of Government Accountants and the GFOA, and earned the CEA in governmental in 1990. He was awarded the Certified Government Financial Manager (CGFM) designation in 1996. Mike is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs. He has served on numerous committees of the Society of Louisiana CPAs, and presently is a member of its Ethics and Litigation Support committees. Mike has twice served as a member of the AICPA Professional Ethics Executive Committee (1986-1989, and 2000-2003), and served as a member of the AICPA Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he served as a member of AICPA Independence and Behavioral Standards Subcommittee, and was Subgroup Chairman of the Governmental Technical Standards Committee. During this time he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board. He contributed to the GASB Statement 34 Implementation Guide, AICPA Statement of Position 98-3, the industry audit and accounting guide Audits of State and Local Governmental Units, the AICPA Practice Aid to SAS 99 (fraud) and assisted in revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development), and as consultant to the Louisiana Department of Education. Mike frequently appears as moderator and panelist on the Accountants CPE Network. He has been named twelve times as an Outstanding Discussion Leader by the American Institute of CPAs and the Louisiana, South Carolina and West Virginia state societies. He received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994, and was awarded the 2001 National Education and Training Award from the Association of Government Accountants. In 2009, Mike was named as a Business Information Professional of the Year by Beta Alpha Psi.
Field of Study 1:
Accounting (2.5 hours)
Field of Study 2:
Taxes (3.5 hours)
Field of Study 3:
Auditing (2 hours)
Field of Study 4:
Yellow Book (4 hours)
Program Level (Basic, Update, Intermediate, Advanced, Overview):
Instructional Delivery Method:
Group Internet Based
Course Registration Requirements:
Industry & Public Practice
Business Professionals' Network, Inc.
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Official Registry Statement:
Business Professionals' Network, 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 credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
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