The major topics that will be covered in this class include:
- Overview of what comprises a "fundraising event or sale"
- Explanation of the low receipt thresholds by which Schedule G's Parts II (fundraising events and sales) and III (gaming) are invoked
- How Schedule G's Part II amplifies summary data inputted on Part VIII, Lines 1c, 8a and 8b
- Review of what constitutes gaming activity
- Noting the underlying three tax issues that gaming activities implicate: potential unrelated business income tax, unmet payroll tax if volunteer worker/contractor status is improperly claimed, and wagering excise taxes
- Discussion of what makes a provider a "professional fundraiser" and what information filers are responsible to report in Schedule G's Part I related to their use
- Explanation of the entirety of Schedule D "triggers" employed upon the 990's Core Form Part IV
- Highlighting the common potholes Schedule D preparers face