Understanding the Form 990 and its Preparation Prerequisites (C46199)


Cancellation Policy

Please note that this webinar is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

07/07/2020

Registration Open:

12:00 AM - 11:30 AM

Time:

11:30 AM - 1:30 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Taxation (2.00)

Level of Knowledge:

Overview

Price:

Member: $79.00
Nonmember: $99.00

Individual Discounts:

Not Available

Overview

After attending this presentation you will be able to...

  • Appreciate the public relations and regulatory impact of the 12 page Core Form and the most-common substantive-topic Schedules
  • Identify the circumstances "triggering" each of the 15 substantive-topic Schedules 
  • Identify and master the six key Glossary Terms which all 990 preparers must be able to apply
  • Distinguish the impact on Board members' "independence" resulting from Schedule L reporting 
  • Discern the various parties who will need provide the data necessary to complete the 990's widely disparate arenas of inquiry 
  • Recognize the value of, and discern approaches appropriate to, public relation sensitive disclosures and presenting the completed form to a filer's Board

Highlights

The major topics that will be covered in this course include:

  • Overview of the Form 990's design and goals in play upon the Core Form and tack-on Schedules              
  • Address of the definition's key factors that make a third-party organization a "related organization" 
  • Exploring the definitions of parties who are to be disclosed as managers at Part VII-A (i.e., as a TDOKE -- a Trustee/Director (TD) / Officer (O) / Key Employee (KE), or a High 5) and understanding what is the definition and measure of "reportable compensation"
  • Working with the definitions of "family member" and "independence" as same are used in Parts VI and Schedule L
  • Applying the definition of "business relationship" as same is used in Part VI                      
  • Sequencing of the form's preparation tasks and who to go to for information 
  • Working with the Board of Directors to have them understand what the completed Form 990 conveys to the public/regulators  

Speaker(s)

Prerequisites

Some familiarity with the nonprofit sector helpful, but not necessary