An in-depth look at reporting Form 990 provides actionable tips for accurate preparation. Understanding the ins and outs of Form 990 With 12 parts to the core form and another 16 schedules, Form 990 is immense. Exploring the form’s components can help you know where to begin. Key topics covered include: - A line-by-line analysis of the annual federal return for exempt organizations - Explanations for accurate completion - Changes in 1099-MISC and 1099-NEC reporting Tips from a not-for-profit practitioner Helpful advice covers various issues, such as: - Appropriate sequencing (Form 990’s schedules don’t have to be filled out in alphabetical order) - Saving precious time during Form 990 preparation - Increased efficiency in reporting ## The "why" behind narrative questions Learners get insight into: - How to provide fuller answers when numbers are not enough - Why the IRS asks specific questions about exempt entities’ operations Who Will Benefit - CPAs with not-for-profit clients - CPAs who work for not-for-profits - Not-for-profit managers - Attorneys Key Topics - Sequencing and completing the return - Keys to getting Form 990 preparation correct the first time - Program service accomplishments and reporting changes - Reporting on managers and their compensation - Further disclosures specific to an entity’s circumstances - Related organizations - Transactions with interested persons - Other IRS filings and tax compliance Learning Outcomes - Identify filing requirements for Form 990, Form 990-EZ, and Form 990-N. - Determine which types of exempt organizations are generally not required to file one of the three versions of Form 990. - Identify where to report program service activities. - Determine reporting differences between generally accepted accounting principles (GAAP) and Form 990. - Determine best practices for completing Schedule A, Public Charity Status and Public Support. - Identify what triggers the filing of Schedule G, Supplemental Information Regarding Fundraising or Gaming Activities. - Recognize the purpose of Schedule O.