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Deep Dive into Form 990s

Form 990s CE Course

4 Credits

$40

Subject Area

Taxes

Webinar Qualifies For

4 CPE credit of Taxes for all CPAs

4 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00774-21-S)

4 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0717)

4 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

4 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00774-21-S)

4 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00774-21-S)

4 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • Introduction to NFPs
    6 mins
  • How can you generate business?
    20 mins
  • Data-driven approach to exam selection
    30 mins
  • Form 990 - Program services
    59 mins
  • Disclosure on Form 990
    104 mins

Course Description

This webinar will cover all the ins and outs of preparing a 990s. We will look at all the common schedules along with common practitioner errors. We will also do a deep dive into UBIT and the aspects surrounding the unrelated business tax. After this course, you will find yourself more confident and ready to prepare more 990s!

Form 990 is required of all Non-Profit or Not-for-Profit enterprises. It consists of several related forms, ranging from a “postcard filing” done on-line to a fairly complex form that requires particular attention to several trigger items. Non-profit accounting and tax reporting has several significant differences from regular enterprises. It’s important to recognize and properly deal with these. In recent years the IRS has devoted more resources and attention to non-profits. This webinar will help you stay ahead of the curve.

The Form 990 is a window into the intimate operations of an exempt organization. With a 12-page core form, 16 schedules and hundreds of pages of instructions, preparation of the Form is time intensive and complex. If you serve exempt organizations or work for an exempt organization, you'll want to have a solid working knowledge of the core Form and the schedules.

The objective of this comprehensive workshop is to give CPAs, consultants and non-profit finance representatives an in-depth look at tax-exempt filing requirements and, most specifically, the Form 990. You will learn about the annual compliance requirements via an in-depth discussion of the Form 990 and its schedules, including hands-on experience completing the Form. You will learn how to protect the organization’s exempt status from automatic revocation and other potential challenges to exemption, as well as the proper protocol if exemption is revoked.

This Online CPE Webinar Covered Key Topics:

  • Correctly complete the core Form 990
  • Understand the more complex elements of the Form
  • Learn the basic elements of the most often used Form 990 schedules
  • Ensure that your exempt organization is satisfying all required governance/insider compensation rules
  • Understand how to mitigate risk in preparing the Form 990 by identifying certain reporting and analytical red flags
  • Understand the process of creating a new public charity, including the tax exemption process from a federal perspective
  • Learn about all the resources available to exempt organizations
  • Introduction to NFPs
  • Why are NFP’s Different?
  • Form 1023
  • Public Vs. Private Foundation
  • General overview of Form 990, 990T, 990EZ, 990N & 990 PF
  • Form 990 – Program Services
  • Overview of various Parts of Form 990s
  • Listing of Officers, Directors and Key Employees
  • Responsibility Test for Key Employees
  • Disregarded Entity
  • Disclosures on Form 990
  • Related Organizations
  • Preparation Pitfalls
  • Unrelated Business Income Tax (UBIT)
  • Schedules of Form 990s 

Learning Objectives

  • To learn How to Find NFP Client
  • To learn of Basic NFP Issues
  • To learn to Navigate Around Form 990
  • To determine Common Issues When Filing Form 990

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

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