Form 990 & the Taxation of Nonprofits Webinar
Overview
Form 990 is an open book into the operations, activities, purposes and finances of a nonprofit. With a 12-part Core Form, 16 different Schedules and hundreds of pages of Instructions, preparation of Form 990 is time intensive and complex. If you are a practitioner working with nonprofit clients, or you work for a nonprofit, you'll want to have a solid understanding and working knowledge of Form 990's Core Form and 16 Schedules. This webinar will allow you to:
- Correctly complete the Form 990 Core Form
- Understand the more complex elements of the Form 990 Core Form
- Learn the basic elements of the most often used Form 990 Schedules
- Ensure that your nonprofit is satisfying all required governance/insider compensation rules
- Understand how to mitigate risk in preparing the Form 990 Core Form by identifying certain reporting and analytical red flags
- Learn about all the resources available to nonprofits
This course qualifies for IRS Continuing Education Credit.
Objective
To give CPAs and other financial professionals an in-depth look at Form 990. You will learn about the annual compliance requirements via an in-depth discussion of the Form 990 Core Form. You will also learn how to protect the organization’s exempt status from automatic revocation and other potential challenges to exemption.
Emphasis
- Annual Compliance Requirements of the Form 990, Including Accounting for Special Event Fundraising & Gaming, Determining Reasonable Compensation, Allocating Functional Expenses & Governance Best Practices
- Summary & Brief Description of the Form 990 Schedules & the Most Pertinent Nuances of the 16 Different Schedules
- Lobbying & Political Activity Reporting for Various Types of Nonprofits & Understanding the Lobbying Safe Harbor
- Unrelated Business Income
- Disqualified Persons (Insiders)
- Documenting Reasonable Compensation
This course is included in the following subscriptions:
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