Back to Search

Tax-Exempt Organization and Form 990 Basics Webcast Webinar

CPE

When
Sept. 16
11:30 a.m. - 3:00 p.m.

CPE Credits
4-Tax

Details

 Pricing

PICPA Member: $129 | Nonmember: $179


 More Information

Course No.
4192924B
Level
Basic
Prerequisites
None.

Description

  • Understand how federal tax-exempt status is obtained and the significance of tax-exemption.
  • Understand the significance of Form 990, Return of Organization Exempt From Income Tax Core Form and Schedules, including both general and specific suggestions and interpretation of the Form and Instructions.
  • Understand what direct lobbying, grass roots lobbying and the expenditure test are and how to complete Schedule C, Political Campaign and Lobbying Activities. 
  • Identify why public support is important and how to correctly complete Schedule A, Public Support.
  • Recognize the significance of core form compensation questions and disclosures; Schedules J, Compensation Information, and L, Transactions with Interested Persons; and the significance of "intermediate sanctions" including the safe harbor.
  • Identify what constitutes a “complete” filing of Form 990.
  • Discuss the significance of governance and policies addressed on Form 990.
  • Understand the concepts of related, excluded and unrelated income, as well as the implications, including special rules for certain types of entities.
  • Understand the implications of TCJA and issued guidance on compensation and benefits and unrelated business income revenue streams and unrelated business taxable income of tax-exempt organizations.

Highlights

If you're preparing Form 990, look beyond the numbers. Learn the importance of questions asked and the required information provided on the core form and the schedules. Also, examine Form 990 including the core form and Schedules A-G and I-R.

Gain an understanding of the impact of the unrelated business income tax (UBIT) upon different revenue streams. Featured topics include tax-exemption; intermediate sanctions; direct and grassroots lobbying and the "expenditure test"; public support; "quid pro quo" payments; the "expenditures test"; the "commerciality," and UBIT.

Plus, briefly review federal and state UBIT, including Qualified Transportation fringe benefits and charitable filing requirements. There are certain provisions of the Tax Cuts and Jobs Act (TCJA) that apply to tax-exempt organizations. we will discuss those provisions, as well as guidance issued to date.



Speaker(s)


You May Also Like

Multistate Tax Conference
Oct. 29 | Malvern
Hear about recent tax filing requirements and tax planning opportunities for companies and individuals doing multistate transactions. ...
Smart Contracts for Accountants Webinar
Sept. 18 | Webinar
This course provides a concise overview of smart contracts - computer code which automates the “if this happens then do that” part of traditional contracts. The code uses blockchain technology ...
Monthly Tax Update with Mike Tucker and Jeff Jacobs Webinar
Sept. 18 | Webinar
The Monthly Tax Update is designed to keep general tax practitioners current by providing them with the latest and most important tax developments relating to individual and business taxation. Tax ...