MYCPE ONE

Deep Dive into Form 990s for Experienced Preparers

More than everything that you need to know about the Form 990s!

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Conference Overview

This course 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 workshop 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. This targeted virtual event will allow you to:

  • 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

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.


Completed

Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 4 Taxes
Accountant/Bookkeeper/Tax Professionals 4 All
CWS 4 All
CFIRS 4 All

Sessions

Sep 30th, 2022

Speakers:
Speaker Name
Nicholas Preusch

Certified Public Accountant (CPA)
Nicholas Preusch

  • 4.6
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The first session of this extensive workshop will cover the following key topics that you need to know while preparing and filing form 990s

  • 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

Learning Objectives

  • Learn How to Find NFP Client
  • Learn of Basic NFP Issues

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Nicholas Preusch

Certified Public Accountant (CPA)
Nicholas Preusch

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

In Session 2, we will provide a further practical insight on various parts of Form 990s and will try to make things easier for you with the Tax Pro – Nicholas Preusch. This session shall also cover the details about UBIT along with real life case studies and examples.

Key topics covered in this session of this online CPE Workshop are:

  • 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

  • Learn to Navigate Around Form 990
  • Determine Common Issues When Filing Form 990

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Nicholas Preusch
Nicholas Preusch

Certified Public Accountant (CPA)
Nicholas Preusch

Sep 30th, 2022

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Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com