Reporting Managers & Their Compensation: Form 990 Part VII-A (C46202)


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):

07/08/2020

Registration Open:

12:00 AM - 11:00 AM

Time:

11:00 AM - 1:00 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Taxation (2.00)

Level of Knowledge:

Basic

Price:

Member: $79.00
Nonmember: $99.00

Individual Discounts:

Not Available

Overview

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

  • Readily identify the three classes of legally or quasi-legally in-charge managers who are required to be disclosed on the filing for the tax year being reported upon
  • Recognize the "reportable compensation" thresholds by which employees fall into consideration as either Key Employees or High 5s (as well as "former" TDOKEs) 
  • Distinguish the mandatory three versus all other nontaxable remunerative benefits to be reported as "other compensation" provided to current and former TDOKEs and High 5s
  • Apply the $10,000 'per type' reporting exception for certain items of “other compensation” and understand the exception is not in place for Schedule J

Highlights

The major topics that will be covered in this course include:
  • Definitions behind the three classes of legally or quasi-legally in-charge managers who are required to be disclosed as current managers relative to each Form 990's tax year 
  • Identifying what makes someone a "High 5"
  • Drilling into the "reportable compensation" thresholds by which employees fall into consideration as either current Key Employees or High 5s, as well as former TDOKEs 
  • Explanation of the two “buckets” of disclosable compensation required to be reported as having been provided to all current and former managers (and High 5s) who are required to be disclosed on Part VII-A 
  • The two "$10,000" exceptions on Part VII-A: voiding need to disclose a related organizations' reporting (based on amounts) of "reportable compensation"; and voiding non-mandatory "other compensation" by type  

Speaker(s)

Prerequisites

None, although helpful to have some knowledge of how the Form 990 is structured