2024 Form 990 Overview: A Walk thru of Form 990 and Common Schedules
Author: Clark Nuber, Sarah Huang, Carolyn Fjelstad
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
In this course we will have a brief discussion on the different forms available for annual compliance and their respective thresholds for filing. Most of our time will be dedicated to a detailed discussion on the Form 990, core pages, and the list of expansive schedules that may be included with yearly filing. We will select a few Schedules to have further detailed discussion on and the remainder will be a brief explanation of purpose.
Publication Date: April 2025
Designed For
CPAs, enrolled agents, tax return preparers, tax attorneys and financial advisors who work with not-for-profit organizations
Topics Covered
- Annual compliance: Forms and requirements
- Form 990, Core Form
- Form 990, Required schedules
- Common Mistakes
Learning Objectives
- Identify the requirements for annual compliance
- Identify the correct form depending on the activity of an organization
- Identify Form 990
- Identify which Schedules are required annually
- Identify a common mistake made when preparing Form 990
- Identify an example of an officer of an organization (i.e., not an officer of a board)
- Identify the form that has no extension but there are no penalties for filing late
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
