CPE: 8 hours
Advanced prep: None
Who should attend: CPAs, attorneys, and nonprofit managers
Yellow Book: Yes
Discover the tax information and not-for-profit organization issues you need to prepare the current Form 990. This course will cover the numerous tax reporting demands the 990 imposes, including how to respond to its inquiries. Participants will gain the tax knowledge necessary both to complete Form 990 properly and advise exempt clients on the Form’s complexities and demands.
When you complete this course you will be able to:
Identify which organizations must file returns and which are exempt.
Understand where to file returns, due dates, and amending returns.
Interpret the basics of accounting methods to be used on tax-exempt returns.
Prepare and use Forms 990, 990-EZ, and related schedules.
Tax Issues facing not-for-profits
Form 990 and all related schedules
Keys to getting Form 990 preparation right the first time
Identifying and reporting on related organizations
Financial information presentation
Transactions with interested persons
Governance, management, and disclosures