July 19, 2018

Webcast Replay

8 CPE

Form 990: Exploring the Form’s Complex Schedules

July 19, 2018
Webcast Replay
8 CPE

Form 990: Exploring the Form’s Complex Schedules

  • Instructor

    Eve
    Borenstein

In order to master Form 990 beyond just the Core Form pages, you need to build an understanding of the Form’s transparency demands that relate to multiple complex issues. This includes transactions with certain insiders; expanded disclosure of highly-comp’d individuals’ calendar year compensated; identifying and reporting in the presence of related organizations and nuances of the two public support tests; undertaking of foreign operations; and more. In this webcast, we introduce the most advanced tax and nonprofit issues of Form 990’s Schedules.

You will not only gain a better understanding of the tax and practical points necessary to complete Schedules A, C, F, J, K, L, N and R of the current Form 990, but also a better understanding of how to communicate with exempt clients on each of these Schedules’ unique demands. Join this webcast to master the Form’s complexities!

Learning Objectives

  • Distinguish between the in-flows of each of the public support tests, apply each test’s calculations and identify what makes a supporting organization
  • Distinguish the reporting obligations of 501(c)(3) organizations with respect to lobbying versus that of the proxy tax in place for 501(c) (4), (5) and (6) organizations and note required electioneering reporting of all 501(c) entities
  • Recognize the triggers by which Schedule F is mandated
  • Recall the definitions of Interested Persons, which are applied within each Part of Schedule L
  • Recognize the expanded compensation reporting and management practices inquired of in Schedule J
  • Appreciate both the need for bond counsel involvement in completing Schedule K and the diverse scenarios that trigger Schedule N
  • Identify the common reporting disclosures required in the presence of related organizations and the unique reporting demands applied based on the type of entity.

Major Topics

  • Key issues that affect how public charities are classified and related Schedule A reporting
  • The various public policy realms inquired of in Schedule C
  • Complexities and problems within Schedule F’s instructions
  • Identification of and reporting in Schedule R
  • The various types of “Transactions with Interested Persons” required to be disclosed in Schedule L
  • Critical issues to avoid in Schedules K and N
  • Items to watch when completing Schedule J’s Parts I and II

CPE Credits Available

8 CPE
8
Taxes

Things to Know About This Course

Course Level

  • Advanced

Professional Area of Focus

  • Nonprofit / Not-For-Profit
  • Tax

Prerequisites

Basic Knowledge of the “Core Form” 990 Parts I-XII

Provider

AICPA

This event has ended.