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Special Rules For Reporting Special Events (Non-profits)

Special Rules For Reporting Special Events (Non-profits)

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00343-20-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0348)

1 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for CPA/PFS

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00343-20-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00343-20-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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


  • Common Pitfalls
    3 mins
  • GAAP Direct Costs of Benefits to Donors
    10 mins
  • GAAP Reporting of Special Events
    17 mins
  • GAAP Reporting of Auctions
    28 mins
  • Fundraising Event Contributions
    41 mins

Course Description

Special events are critical in nature and very important from various perspectives from non-profit organizations. The pandemic has forced many NFPs to rethink traditional approaches to them, but they remain some of the largest fundraisers and methods of awareness. As if event planning is not complicated enough, organizations also must take care to properly present the associated revenues and costs in their financial reporting.

At most of these special events, the attendee is getting some type of goods or services -for instance, dinner or some kind of entertainment; but the attendee is paying more than what needs to obtain that good or service than it is worth in order to contribute to the nonprofit. Therein lies the complexity. Typically, accounting for special events are tricky from a GAAP and tax point of view. They present with different reporting requirements for financial statements, tax reporting purposes, and donor purposes.

Major Topic Covered:

  • The appropriate methods of recording activities for special events
  • How they should be presented in financial statements and on your tax return.
  • Identification of various benefits to donors: 
  • Key differences between fundraisers and gaming especially for the IRS
  • How special event revenue and expenses are presented on Form 990 

After attending this webinar all CPAs and accounting professionals will be able to evaluate the proper accounting and tax reporting for these special events.

Learning Objectives

  • To recognize the different types of benefits to donors and how those costs are reported in the financial statements
  • To explore the three different ways special events revenue and expenses can appear in the financial statements
  • To differentiate between fundraising and gaming according to the IRS
  • To familiarize with the placement of special event revenue and expenses on IRS Form 990

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA





Excellent webinar


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