2024 Form 990 Schedule: A Deeper Dive into Common Schedules
Author: Clark Nuber, Lisa McCreedy, Sarah Huang
| 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
With the exception of Schedule B, the Form 990 and its related schedules are open for public disclosure. Thus, organizations have a duty to not only present accurate financial information and show their due diligence in maintaining strong governance practices, but also that they are meeting other compliance standards. In this course, we will take a deeper dive into some of the common and complex schedules filed with the Form 990. Join us to discuss how organizations can take ownership to retain acceptable public support levels, meet the compliance requirements for donor acknowledgement, and provide transparency in disclosures to give readers insight into their activities.
Publication Date: June 2025
Designed For
CPAs, enrolled agents, CFOs, auditors, bookkeepers, staff accountants, and others who work with not-for-profit organizations or assist with their fundraising events
Topics Covered
- Fundraising and Donor Acknowledgement: Form 990 Part VIII and Schedule G
- Public Support Test: Form 990 Part VIII and Schedule A
- Governance, Transparency, Compensation and Transactions with Interested Persons: Form 990 Part VI and Schedules J, L, and R
Learning Objectives
- Explain the importance of documenting and gathering the necessary information to achieve compliance with federal tax laws
- Recognize the reporting requirements for fundraising activities and transactions with interested persons
- Explain how to prepare proper donor acknowledgment letters
- Identify when penalties apply
- Explain factors that may or may not impair the independence of a voting board member
- Describe the relationship between the responses on the Form 990 and related schedules
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic knowledge of annual compliance for tax exempt organizations.
Advance Preparation
None
