In basic terms, Form 990 is the annual federal return that is required to be filed by all types of exempt organizations. This webcast takes the participant through the basics of Form 990, and will cover the complete form and all the accompanying schedules. Course content will go line by line through the Form 990 and offers explanations and tips for accurate completion. Join this webcast to gain an understanding of the tax and practical elements essential to completion of the Form 990 which has a 12-page core form and 16 schedules.
Primacy of the Form 990 as a “one size fits all” reporting mechanism. Form 990 preparation sequencing and data gathering; and keys to getting Form 990 preparation right the first time. Addressing presence of “related organizations” *Identification of managers and measurements of their compensation. 990 versus books-and-records financial statement detail. Disclosures of governance inputs and Boards’ employ of policies.
Basic knowledge of taxation.
CPAs, attorneys, and nonprofit mangers.
Identify the filing requirements for Form 990, Form 990-EZ and Form 990-N. Determine best practices for completing the core form. Recognize risks in preparing Form 990 and identify certain reporting red flags. Prepare for the most common Schedules that typically apply to 990 filers: identification of public charity status (Schedule A); reporting on donors (Schedule B); financial statement line items (Schedule D); reporting on fundraising events, gambling, and use of professional fundraisers (Schedule G); grant-making (Schedule I); and capture of property (“noncash”) contributions (Schedule M).
Brian Yacker, CPA, JD is a partner at Windes & McClaughry Accountancy Corporation. He has 17 years of tax, general business consulting and accounting experience. In the tax field, Mr. Yacker focuses extensively in working with tax-exempt organizations and has extensive experience in preparing and reviewing Forms 990, 990-T, 990-PF and state tax-exempt forms. He also has extensive experience in the preparation and filing of both federal and state tax exemption applications for public charities, private foundations, and other tax-exempt organizations. In numerous instances, Mr. Yacker has negotiated settlements or prevailed in disputes with the IRS on behalf of tax-exempt clients. Representative clients have included large hospitals and other healthcare organizations, universities and colleges, private foundations, trade organizations, other public charities, youth organizations, religious organizations, and amateur sports organizations.
Mr. Yacker is actively involved in the AAA-CPA, serving on both the Finance Committee and the IRS Liaison Committees. Additionally, he is the AAA-CPA’s representative on the Internal Revenue Service Advisory Committee (Office of Professional Responsibility Subgroup).
Mr. Yacker is a member of the American Bar Association (and a participant on the Tax-Exempt Committee of the Tax Section) and the California Bar Association Tax Section. He serves on the Board of Directors of two public charities located in Southern California. Mr. Yacker is also the lead tax-exempt organization instructor for the CalCPA Education Foundation; he teaches several full-day seminars on various tax-exempt organizations topics (public charities tax primer / intermediate public charities issues / private foundations tax primer / intermediate private foundations issues).
Non-Member Price $339.00
Member Price $279.00