Reporting Managers & Their Compensation: Form 990 Part VII-A (C50008)


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):

06/07/2021

Registration Open:

12:00 AM - 10:00 AM

Time:

10:00 AM - 12:30 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.50

Field(s) Of Study:

Taxation (2.50)

Level of Knowledge:

Basic

Price:

Member: $89.00
Nonmember: $109.00

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 the other nontaxable remunerative benefits that are reported as "other compensation" paid or incurred to current and former TDOKEs and High 5s
  •  Apply the $10,000 'per type' reporting exception for certain items of “other compensation” and understand that this exception does not apply when reporting on Schedule J

Highlights

The major topics that will be covered in this class 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 the relevant compensation thresholds for status as a "former" TDOKE 
  • Explanation of the two “buckets” of disclosable compensation – reportable and other – that are required to be reported as having been provided to all current and former managers (and High 5s) disclosed on Part VII-A 
  • The two "$10,000" exceptions on Part VII-A that void the need to disclose a related organizations' reporting (based on amounts) of "reportable compensation": and excepting certain types of “other compensation" 

Speaker(s)

Prerequisites

None