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Form 990: Exploring the Form’s Complex Schedules (110-18)
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Mastery of the current Form 990 beyond its Core Form pages requires understanding of the Form’s transparency demands relating to multiple complex issues: transactions with certain insiders; expanded disclosure of highly-comp’d individuals’ calendar year compensated; identifying, and reporting in the presence of, “related organizations,” nuances of the two “public support tests;” undertaking of foreign operations; and more.

 Export to Your Calendar 10/25/2018
When: 7:30 AM - 3:30 PM
Where: UACPA Training Room
136 South Main Street, Suite 510
Salt Lake City, Utah  84101
United States
Presenter: Brian Yacker
Contact: April Deneault
801-466-8022


Online registration is available until: 10/25/2018
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Acronym F990A
CPE 8 hours
Category
Taxation
Level Advanced
Vendor AICPA
Who should attend

CPAs, attorneys, and
nonprofit managers

Prerequisite
Basic Knowledge of the
“Core Form” 990 Parts I-XII
Fees: Early Bird
(through 10/11)
Standard
(after 10/11)
Member $257 $285
Non-Member: N/A
$340

AICPA Members receive an additional $30 off the price of this course. Use promo code AICPA8 at checkout to receive the discount.

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
Mastery of the current Form 990 beyond its Core Form pages requires
understanding of the Form’s transparency demands relating to multiple complex
issues: transactions with certain insiders; expanded disclosure of highly-comp’d
individuals’ calendar year compensated; identifying, and reporting in the presence
of, “related organizations,” nuances of the two “public support tests;” undertaking
of foreign operations; and more. This course covers the most advanced tax and
nonprofit issues that are the subject of the Form 990’s Schedules. Participants
will not only gain an understanding of the tax and practical points necessary to
complete Schedules A, C, F, J, K, L, N and R of the current Form 990, but also be
advised as to how to communicate with exempt clients on each of these Schedules’
unique demands.


Major Subjects

  • Key issues that affect how “public charities” are classified and related
    Schedule A reporting
  • The various public policy realms inquired of in Schedule C
  • Complexity and problems within Schedule F’s instructions
  • Identification of, and reporting in Schedule R, of related organizations
  • The various types of “Transactions with Interested Persons” required to
    be disclosed in Schedule L
  • Critical issues to avoid in Schedules K and N
  • Items to watch when completing Schedule J’s Parts I and II

Objectives

  • Distinguish between the in-flows of each of the “public support tests,”
    apply each test’s calculations, and identify both what makes a “supporting
    organization” and note such entities’ “Types” and attendant reporting
    obligations.
  • Distinguish the reporting obligations of 501(c)(3) organizations with respect
    to “lobbying” versus that of the “proxy tax” in place for 501(c) (4), (5), and (6)
    organizations; and note required “electioneering” reporting of all 501(c) entities.
    • Recognize the triggers by which Schedule F is mandated.
  • Recall the definitions of “Interested Persons” applied within each Part of
    Schedule L.
  • Recognize the expanded compensation reporting and “management practices”
    inquired of in Schedule J.
  • Appreciate both the need for bond counsel involvement in completing
    Schedule K and the diverse scenarios that trigger Schedule N.
  • Identify the common reporting disclosures required in the presence of “
    related organizations” and the unique reporting demands applied based on
    type of entity.

 

 

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