Form 990 & Tax Exempt Org. Update (Completed)

Not-for-profit organizations continue to face significant compliance challenges and constrained resources. This helpful two-hour webinar is presented by one of the country's leading tax-exempt organization practitioners Jane Searing, CPA, M.S. Taxation, and offers a practical examination of the latest federal tax developments, compliance issues, and planning opportunities to help NPOs navigate today's tough challenges. Searing, co-author of the Form 990 Compliance Guide published by Wolters Kluwer, will help you get up-to-date on the most recent developments from the IRS and hear the latest on Form 990 reporting requirements.

Who Should Attend
CPAs, enrolled agents, tax return preparers, tax attorneys and financial advisors who work with not-for-profit organizations and their donors.

Topics Covered

• Updates on Form 990, common errors and areas of financial risk to reporting organizations
• Evaluation of revenue for exemption, public support and unrelated business income
• Recent IRS guidance including:
  o IRS Priority Guidance Work Plan
  o Updated thresholds for fundraising and low-cost items
  o IRS data driven examinations and implications for Form 990 reporting
  o Significant developments around donor acknowledgment, including developments related to fundraising donor acknowledgment
  
• Other federal tax current developments

Learning Objectives

• Discuss the changes from recent tax developments that affect non-profit organizations
• Identify reporting and compliance requirements and tax planning opportunities to discuss with clients as a result of recent tax developments
• Recognize and apply key reporting challenges affecting Non-Profit Organizations

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic experience with the Form 990 & Tax Exempt Organizations.

Advance Preparation
None