Form 990: Best Practices for Accurate Preparation

Description

In basic terms, Form 990 is the annual federal return that is required to be filed by
all types of exempt organizations. The course takes the participant through the
basics of Form 990. It covers the complete form and all the accompanying
schedules. The course goes line by line through the Form 990 and offers
explanations and tips for accurate completion. Participants will gain an
understanding of the tax and practical points essential to completion of the Form
990 which has a 12-page core form and 16 schedules.

Learning Objectives

• Identify the filing requirements for Form 990, Form 990-EZ and Form 990-
N.
• Determine best practices for completing the core form.
• Recognize risks in preparing Form 990 and identify certain reporting red
flags.
• Identify how to prepare for the most common Schedules that typically
apply to 990 filers: identification of public charity status (Schedule A);
reporting on donors (Schedule B); financial statement line items (Schedule
D); reporting on fundraising events, gambling, and use of professional
fundraisers (Schedule G); grant-making (Schedule I); and capture of
property (“non-cash”) contributions (Schedule M).

Major Topics

• Form 990 filing requirements
• Form 990 preparation sequencing and how to pull together necessary
data
• Keys to getting Form 990 preparation correct the first time
• Identification of managers and measurements of their compensation
• Form 990 versus books-and-records financial statement detail
• Disclosures of governance inputs and Boards’ employ of policies

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Tax
Tax; Taxation
Taxation
CPE Field of Study
Taxes
8
Who Should Attend

CPAs, attorneys, and nonprofit
mangers

Instructor(s)
Robert Lyons
Prerequisites

Basic knowledge of taxation

Advanced Preparation

None

Location
LIVE-ONLINE Webcast
Event Information
When
Dec 15, 2022
8:00 am - 4:00 pm EDT
Location
LIVE-ONLINE Webcast
Total CPE Credits
8
Format
Live Webcast

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$ (% off)
$295.00

NON-MEMBER


$ (% off)
$395.00
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Form 990: Best Practices for Accurate Preparation


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