Form 990: Exploring the Form's Complex Schedules
Friday, November 8, 2019
Minnesota Society of CPAs
1650 W 82nd St Ste 600
Bloomington, MN 55431-1458
Map & directions
Taxes - Technical (8.0)
Harmon, Curran, Spielberg & Eisenberg, LLP c/o Eve Borenstein
to receive member fee.
To receive an AICPA discount (when
available), check the box next to “I am an AICPA member.”
Go beyond the core Form 990 so you can properly prepare the toughest schedules. Explore the advanced tax and not-for-profit issues related to Form 990 Schedules A, C, F, J, K, L, N and R, and gain real-world insights to help you accurately prepare them with more confidence. From transactions with certain insiders and disclosure of highly compensated individuals, to public support tests, foreign operations and more, this course clarifies the muddiest Form 990 issues.
Who should take this program?
CPAs, accountants, not-for-profit managers and attorneys who prepare or review Form 990
Key issues that affect how public charities are classified, and related Schedule A reporting
Various public policy realms Schedule C asks about
Complexity and problems with Schedule F's instructions
Schedule R -- identification and reporting of related organizations
Various types of "transactions with interested persons" disclosure requirements in Schedule L
Critical issues to avoid in Schedules K and N
Items to watch when completing Schedule J's Parts I and II
Distinguish between the inflows of each of the public support tests and apply each test's calculations
Identify what makes a supporting organization and note their types and reporting obligations
Distinguish the reporting obligations of 501(c)(3) organizations with respect to lobbying vs. that of the proxy tax in place for 501(c)(4), 501(c)(5) and 501(c)(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 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 type of entity
NASBA ID#: 139884
Basic knowledge of the core Form 990 Parts I-XII recommended.