Introduction to Form 990: Not-for-Profit Tax Compliance

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Availability

On-Demand

Cost

Member: $69.00

Non-Member: $85.00

Retired: $69.00

Educator & Government & Non-Profit Member: $69.00

Credit Offered

2 CPE Credits

Field of Study:

2 Taxes

The vast majority of not-for-profit organizations (NFPs) are required to file an annual Form 990 with the Internal Revenue Service (IRS). The Form 990 is not a tax return. Rather, it is an information return that reports financial and non-financial information to the IRS and the public. Accurate and complete reporting of Form 990 is critical not only to maintain an NFP's tax-exempt status, but also to uphold the organization's reputation and its ability to raise funds from donors, members, or other supporters.

Learning Outcomes

Recognize the purpose and basic requirements of IRS Form 990.
Identify the structure and core components of IRS Form 990.
Recognize the schedules and attachments that may be filed with Form 990.
Recall how to prepare IRS Form 990 from financial statements.

Key Topics

Form 990 overview
Structure of the form 990
Schedules to form 990
Form 990 preparations

Who Will Benefit

New accountants interested in the basics of tax and compliance requirements that apply to tax-exempt, not-for-profit entities.
Experienced accountants who are new to the not-for-profit industry or are in need of a refresher on tax and compliance requirements that apply to tax-exempt, not-for-profit entities.

Knowledge of the not-for-profit industry