Form 990

Description

Discover the basic tax information and understanding of nonprofit 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.

Highlights

Topics discussed

Tax Issues facing not-for-profit organizations

Related Organizations

Form 990 and all related schedules

Compensation Reporting

Program Service Accomplishments

Transactions with Interested Persons

Governance, Management, and Disclosures

Objectives

When you complete this course you will be able to:

Recognize which organizations must file returns and which are exempt

Identify 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

Designed For

CPAs, financial professionals and NFP board members who need a basic overview of the IRS Form 990