Ethical principles in the AICPA Code of Professional Conduct are paramount to the profession. The code’s structure and specific rules and interpretations are reviewed for practitioners involved in valuations.
Learning Objectives
- Learning Outcomes
- Identify the process to prepare the most common Form 990 schedules.
- Analyze scenarios to determine the appropriate schedule, part, and line, and necessary calculations, for complete and accurate Form 990 reporting.
- Determine the essential reporting considerations for the most common Form 990 schedules.
- Identify the process to prepare the Form 990 core form and accompanying schedules.
- Determine the effect of a particular transaction or significant event for Form 990 reporting.
- Distinguish between organizational and operational requirements to maintain federal tax-exempt status.
- Determine when an organization could be subject to unrelated business income taxes (UBIT) and differentiate between the more common exceptions and exclusions that apply.
