Mastery of the current Form 990 beyond its Core Form pages requires understanding of the Form’s transparency demands relating to multiple complex issues: transactions with certain insiders; expanded disclosure of highly-comp’d individuals’ calendar year compensation; identifying, and reporting in the presence of, “related organizations,” nuances of the two “public support tests;” undertaking of foreign operations; and more. This course covers the most advanced tax and nonprofit issues that are the subject of the Form 990’s Schedules. Participants will not only gain an understanding of the tax and practical points necessary to complete Schedules A, C, F, J, K, L, N and R of the current Form 990, but also be advised as to how to communicate with exempt clients on each of these Schedules’ unique demands.
• Key issues that affect how “public charities” are classified and related Schedule A reporting • The various public policy realms inquired of in Schedule C • Complexity and problems within Schedule F’s instructions • Identification of, and reporting in Schedule R, of related organizations • The various types of “Transactions with Interested Persons” required to be disclosed in Schedule L • Critical issues to avoid in Schedules K and N • Items to watch when completing Schedule J’s Parts I and II
CPAs, attorneys, and nonprofit managers
Basic Knowledge of the “Core Form” 990 Parts I-XII