Understanding the Form 990 and its Preparation Prerequisites (C56714)

Log In to Register

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):

02/06/2023

Registration Open:

12:00 AM - 8:30 AM

Time:

8:30 AM - 10:30 AM

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 class 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 as 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.