Form 990 Preparation - Schedules: Not-for-Profit Tax Compliance
In this CPE course, take a close look at the required schedules of the IRS Form 990.
NASBA Field of Study
The IRS Form 990 is made up of the core form and sixteen schedules that, taken together, are used by the IRS to monitor compliance with federal income tax law applicable to tax-exempt, not-for-profit organizations. Some of the most heavily scrutinized sections of the Form 990 include the information in the required schedules; for example, the composition of the entity's board of directors, its compensation practices, transactions with insiders, and disclosure of organizational policies and governance practices.
In this CPE course, you will take a closer look at the required schedules of the IRS Form 990. You will consider real-world examples and apply what you learned through interactive e-learning exercises. Also discussed are potential red flags to avoid.
- Walkthrough of Form 990 schedules
- Reporting thresholds
- Public support test
- Lobbying and political activities
- Foreign activities
- Special events
- Insider compensation
- Non-cash contributions
- Domestic grantmaking
- Related parties
- Reconciling Form 990 to GAAP basis financial statements
- Identify the process to prepare the most common Form 990 schedules
- Analyze a scenario to determine the correct amount, line item, and schedule for Form 990 reporting
- Recognize the reporting considerations for the most common Form 990 schedules
Group ordering for your team
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact email@example.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.