Form 990 Preparation – Core Form: Not-for-Profit Tax Compliance

Description

Form 990 is the chief compliance tool used by the IRS to monitor compliance of tax-exempt, not-for-profit (NFP) entities. As a public document, it is also subject to scrutiny by regulators, media, and the general public, including potential donors. Needless to say, accurate reporting on Form 990 is critical to your success.

In this CPE course, you will learn how to prepare Form 990 as you consider real-world examples and apply that knowledge through interactive e-learning exercises. Also discussed are practice tips, common errors, and potential red flags that could lead to an IRS audit.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Identify the process to prepare the Form 990 core form
  3. Recall the structure of the core Form 990
  4. Determine the correct amount(s) and line item(s) for core Form 990 reporting
Major Topics
  1. Filing requirements and late filing penaltie
  2. Reasonable cause abatement
  3. Preparation tips
  4. Program service accomplishments
  5. Required disclosures
  6. Reportable compensation
  7. Statement of Revenue
  8. Statement of Functional Expenses
  9. Fundraising events
  10. Reconciling to GAAP basis financial statements
  11. Potential red flags
  12. Common errors and potential pitfalls
Professional Area of Focus
Tax
CPE Field of Study
Taxes
2.5
Who Should Attend
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
Course Level
Intermediate
Instructor(s)
Brian Yacker
Prerequisites
Knowledge of not-for-profit sector and basic tax compliance requirements of exempt organizations
Register Now
When
Available 24/7
Location
Online
Total CPE Credits
2.5
Format
On-Demand
Instructor
Brian Yacker

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Form 990 Preparation – Core Form: Not-for-Profit Tax Compliance


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