Tax-Exempt Organization and Form 990 Basics WEBCAST

Friday, October 16 8:30am - 11:40am PDT

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Member Price $111.00

Non-Member Price $150.00


If you’re preparing Form 990, look beyond the numbers. Learn the importance of questions asked and the required information provided on the core form and the schedules. Also, examine Form 990 including the core form and Schedules A-G and I-R. Gain an understanding of the impact of the unrelated business income tax (UBIT) upon different revenue streams. Featured topics include tax-exemption; intermediate sanctions; direct and grassroots lobbying and the “expenditure test”; public support; “quid pro quo” payments; the “expenditures test”; the “commerciality,” and UBIT. Plus, briefly review federal and state UBIT and charitable filing requirements. Also, discuss certain provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 that apply to tax-exempt organizations, along, with preliminary guidance, made to date.. With respect to the rescission of ITC Section 512(a)(7), learn to obtain refunds of any UBIT paid by your clients on qualified transportation fringe benefits. Finally, learn new e-filing requirements, as well as, a new requirement for the IRS to notify organization in danger of automatic vocation of their tax-exemption.


Tax-exemption. Private foundation versus public charity. Form 990, Form 990-EZ and Form 990-N Form 990-PF and private foundation excise taxes. o Excise taxes on net investment income, self-dealing, failure to distribute income, excess business holdings, jeopardizing investments and taxable expenditures. Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code. Grant making versus operating foundation. Unrelated business income tax. New PF excise tax rate on net investment income. State filings, including registrations.



Designed For

CPAs and tax professionals.


Understand how federal tax-exempt status is obtained and the significance of tax-exemption. Understand the significance of Form 990, Return of Organization Exempt From Income Tax Core Form and Schedules, including both general and specific suggestions and interpretation of the Form and Instructions. Understand what direct lobbying, grass roots lobbying and the expenditure test are and how to complete Schedule C, Political Campaign and Lobbying Activities. Identify why public support is important and how to correctly complete Schedule A, Public support. Recognize the significance of core form compensation questions and disclosures; Schedules J, Compensation Information, and L, Transactions with Interested Persons; and the significance of “intermediate sanctions” including the safe harbor. Identify what constitutes a “complete” filing of Form 990. Discuss the significance of governance and policies addressed on Form 990. Understand the concepts of related, excluded and unrelated income, as well as the implications, including special rules for certain types of entities. Understand the implications of TCJA on compensation and benefits and unrelated business income revenue streams and unrelated business taxable income of tax-exempt organizations. Learn the implications of The Taxpayer First Act of 2019 and the subsequent change of the PF excise tax rate on net investment income to a flat rate of 1.39%.






  • Richard Ruvelson

Non-Member Price $150.00

Member Price $111.00