Federal Tax Issues Affecting Nonprofits - UBIT, Political Activities, Form 990's Public Support Test, and More! | Illinois Institute for Continuing Legal Education

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March 7, 2023
Federal Tax Issues Affecting Nonprofits – UBIT, Political Activities, Form 990’s Public Support Test, and More!
How can nonprofits best guard their Section 501(c)(3) tax-exempt status? What activities may they engage in, and what are potential operational problems? This session addresses key legal compliance aspects along with related do’s and don’ts such as prohibited and restricted politically related activities, private benefit and inurement, potential penalties and revocation issues, applicability and calculation of the requisite “public support” test, additional “unrelated business income taxation” issues, and optimal IRS Form 990 information return reporting in connection with these tax-related areas.
Meaghan Falkanger, Wagenmaker & Oberly, LLC, Chicago

Contributors

Meaghan Falkanger

Wagenmaker & Oberly, LLC

Meaghan Falkanger is an associate attorney at Wagenmaker & Oberly, LLC. She brings extensive writing experience to her work as an attorney and loves to persuasively advocate on behalf of her clients as they seek tax exemption and address other federal tax issues. Meaghan graduated magna cum laude from Northwestern University Pritzker School of Law. She was inducted into the Order of the Coif and served as the Senior Notes Editor for the Northwestern University Law Review.

She also served in the MacArthur Justice Center's Supreme Court and Appellate Program, where she drafted petitions for certiorari and other appellate briefs on behalf of prisoners and victims of police misconduct. Prior to law school, Meaghan worked in media relations for a large nonprofit organization. Meaghan earned her B.A. from Wheaton College, where she graduated summa cum laude, and she also earned an M.A. in Writing, Rhetoric, and Discourse from DePaul University, where she graduated with distinction.