Overview:
Form 990 is long and complicated. And if you serve exempt organizations or work for an exempt organization, you'll want to have a solid working knowledge of the core Form and the schedules of Form 990. This targeted seminar will allow you to:
- Correctly complete Form 990
- Understand the more complex elements of the Form
- Ensure that your exempt organization is satisfying all required governance/insider compensation rules
- Prepare tax exemption applications
- Understand the instructions to Form 990
- Learn about all the resources available to exempt organizations
Objective:
To give accountants, attorneys and consultants an in-depth look at Form 990. You'll learn about the Form and get hands-on experience completing it. You'll also explore preparing tax exemption applications and how to protect your organization's tax-exempt status.
Emphasis:
- Forming a public charity and filing the Tax Exemption Application (Form 1023)
- State forms and filing obligations
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Form 990
– Accounting for special event fundraising
– Determining reasonable compensation
– Calculating the lobbying safe harbor
– Allocating functional expenses - Unrelated business income and Form 990-T
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Miscellaneous information and tax forms
– Excise taxes and Form 4720
– Payroll and gaming forms
– Use of Forms 990-EZ and 990-N
– The elimination of Form 8734 on the Advance Ruling Period - Disqualified individuals
- Intermediate Sanctions
