In this CPE course, learn how to prepare Form 990. Also discussed are practice tips, common errors, and potential red flags that could lead to an IRS audit.
Learning Objectives
Identify the process to prepare the Form 990 core form;Recall the structure of the core Form 990;Determine the correct amount(s) and line item(s) for core Form 990 reporting
Major Topics
Filing requirements and late filing penalties;Reasonable cause abatement;Preparation tips;Program service accomplishments;Required disclosures;Reportable compensation;Statement of Revenue;Statement of Functional Expenses;Fundraising events;Reconciling to GAAP basis financial statements;Potential red flags;Common errors and potential pitfalls
