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Technical

Form 990: Exploring the Form's Complex Schedules Logo aicpa

  Eve Rose Borenstein, J.D. and Jane M. Searing, ... |   Free |   AICPA |   20 Nov 2018 |   Taxes |   AICPA Store
Key Topics
  • Key issues that affect how public charities are classified and related Schedule A reporting
  • The various public policy realms inquired of in Schedule C
  • Complexities and problems within Schedule F's instructions
  • Identification of and reporting in Schedule R
  • The various types of "Transactions with Interested Persons" required to be disclosed in Schedule L
  • Critical issues to avoid in Schedules K and N
  • Critical issues to avoid in Schedules K and N
  • Items to watch when completing Schedule J's Parts I and II
Learning Objectives
  • Distinguish between the in-flows of each of the public support tests, apply each test's calculations and identify what makes a supporting organization.
  • Distinguish the reporting obligations of 501(c)(3) organizations with respect to lobbying versus that of the proxy tax in place for 501(c) (4), (5) and (6) organizations and note required electioneering reporting of all 501(c) entities.
  • Recognize the triggers by which Schedule F is mandated.
  • Recall the definitions of Interested Persons, which are applied within each Part of Schedule L.
  • Recognize the expanded compensation reporting and management practices inquired of in Schedule J.
  • Appreciate both the need for bond counsel involvement in completing Schedule K and the diverse scenarios that trigger Schedule N.
  • Identify the common reporting disclosures required in the presence of related organizations and the unique reporting demands applied based on the type of entity.

In order to master Form 990 beyond just the Core Form pages, you need to build an understanding of the Form's transparency demands that relate to multiple complex issues. This includes transactions with certain insiders; expanded disclosure of highly-comped individuals' calendar year compensated; identifying and reporting in the presence of related organizations and nuances of the two public support tests; undertaking of foreign operations; and more.

In this webcast, we introduce the most advanced tax and nonprofit issues of Form 990's Schedules. You will not only gain a better understanding of the tax and practical points necessary to complete Schedules A, C, F, J, K, L, N and R of the current Form 990, but also a better understanding of how to communicate with exempt clients on each of these Schedules' unique demands. Join this webcast to master the Form's complexities!

Topics covered:
  • Not-for-profit: Technical: Tax & regulatory, Advanced

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