Introduction to Form 990: Not-for-Profit Tax Compliance

Online Course Available 24/7 CPE: 2.5 Format: On-Demand
COURSE DESCRIPTION

Most tax-exempt, not-for-profits (NFPs) are required to file an annual information return Form 990, which is filed with the IRS and available to the public. Accurate and complete reporting of the Form 990 is critical, not only to maintain an NFP’s tax-exempt status, but also to uphold the organization’s reputation and its ability to raise funds from donors, members or other supporters. Some of the most heavily scrutinized sections of the Form 990 include the questions regarding an NFP’s governance practices, such as the composition of the entity’s board of directors, its executive compensation practices and disclosure of organizational policies.

In this CPE course, you will learn the fundamentals of the Form 990 series of returns, including the basic financial and non-financial information necessary for preparing a complete and accurate return. Topics in this course include the structure of the core Form 990 and related schedules, adjustments to reconcile the Form 990 to an entity’s financial statements, and common errors that should be avoided.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Recall the purpose of the Form 990
Differentiate between the various forms included in the Form 990 series of returns (Form 990, 990-EZ, and 990-N) and identify which form the entity must file
Identify the structure and core components of the Form 990 and related schedules
Identify some of the most common adjustments needed to reconcile the Form 990 to financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP)
Define basic terminology that is necessary to understand the reporting requirements of the Form 990
MAJOR TOPICS
Purpose of the Form 990
Form 990 series of returns
Basic filing requirements
Structure of the form 990 and related schedules
Reconciling Form 990 to financial statements
Common errors
Recordkeeping
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Tax
CPE FIELD OF STUDY
Taxes (2.5 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP board members who need a basic overview of the IRS Form 990.
PREREQUISITES
None
COURSE LEVEL
Basic

MACPA MEMBER


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$69.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$79.00
Price includes $xx early registration discount(s) - expires xx/xx
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