Objectives
• Understand special filing requirements of exempt entities
• Distinguish between charitable and other not-for-profit entities
• Recognize unrelated business income
• Prepare Form 1023, 1023-EZ, or 1024 and related schedules
• Prepare Form 990, 990-EZ, and 990-N and related schedules
• Be aware of traps and pitfalls that can lead to penalties or loss of exempt status