This 40 minute, 49 slide IRS tutorial explains how to apply for 501(c)(3) tax exempt status. The presentation uses a conversation between the Legal Stay Exempt Eagle and Richard, who is considering forming an Animal Rescue entity. The tutorial includes questions and activities to test understanding. The slides can be downloaded and printed from an accompanying pdf file.
Type of Material:
Tutorial
Recommended Uses:
In-class, independent study outside of class.
Technical Requirements:
Browser, Adobe software
Identify Major Learning Goals:
As a result of completing this tutorial, users will:
Understand the life cycle of a 501(c)(3) organization.
Understand the benefits and responsibilities associated with being a tax exempt entity.
Be knowledgeable of eligibility requirements.
Be able to differential between private foundation and public charity status.
Apply for tax exempt status.
Understand the rules for running an organization while under consideration for tax exempt status.
Target Student Population:
High school civics class, individuals considering forming a tax exempt entity, not-for-profit course.
Prerequisite Knowledge or Skills:
None
Content Quality
Rating:
Strengths:
The tutorial takes a pragmatic approach in presenting the relevant information. It explains the preliminary steps needed to take advantage of Section 501(c)(3) of the Internal Revenue Code. The discussions are clear and concise. Content is accurate, current, and relevant. Links to IRS resources are provided. A table of contents has been included. The voices speak at an appropriately paced rate, but also allow anyone who needs to pause or slow it down to follow at their own pace, through reading or listening again.
Concerns:
None
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
Objectives are clearly identified. Concepts are introduced progressively, building on prior concepts. In 40 minutes much will be learned about applying for tax exempt status.
Concerns:
None
Ease of Use for Both Students and Faculty
Rating:
Strengths:
Screens are visually appealing and sound quality is good. While the presentation has minimal graphics, and is primarily text oriented (with sound), this format is appropriate given the technical nature of the regulations being studied. The materials are easy to use and user friendly. Slides are professionally designed. The conversational approach adds interest. Periodic, required user data entry adds an element of interactivity to maintain engagement. The closed captioning really helps those who want to clarify what they heard by checking the written text.
Concerns:
Moving backwards through the slides can only be done using the table of contents which is one of the last slides in the presentation. While open, it covers a third of the current presentation.
Other Issues and Comments:
Very down-to-earth and informative.
Creative Commons:
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