Understanding the Form 990 and its Preparation Prerequisites

Don't drown in the Form 990's force-field! 80% of the inputs and definitions used in the form are extraneous to the statutes and Regulations that apply to the exempt sector. This course provides an easy introduction to the entirety of key definitions that preparers need embrace from the moment they first approach preparing a 990.

Packed with practical tips and perspectives on data gathering, this class is a "must" gateway for beginning (and even more experienced) preparers. This webinar will vault preparers past all the initially confounding problems of the Form 990, providing an easy approach (and background info) to the critical nuances the form uses.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

• 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

Designed for: Public accounting tax and audit staff, and nonprofit organization's Treasurers, CFOs and finance/compliance staff

Level: Overview

Instructor: Eve R. Borenstein, J.D.

CPE Credits: 2

Area of Study: Taxes