Virtual
Tax-Exempt Organization and Form 990 Basics 2024
Date: Dec. 31, 2024
Time: 8 – 11:30 a.m. PT
Overview
If you're preparing Form 990, look beyond the numbers. Learn the importance of questions 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. Understand the impact of unrelated business income tax (UBIT) on 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 "commerciality," bingo, raffles and UBIT, generally. Learn the implications of the CARES Act and the American Rescue Plan. Plus, briefly review federal and state UBIT and charitable filing requirements. Also, discuss specific provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 and both temporary and final guidance, including Treasury Regulations, to date. Finally, learn from experiences of the initial year of mandatory e-filing requirements and the requirement for the IRS to notify organizations in danger of automatic revocation of their tax exemption.
Product Code
1000003040-126647
Credit Type
CPE: 4CPE-Technical: 4CTEC-TX: 4IRS-TX: 4MCLE: 3MCLE LS-TX: 3Accessibility
Closed Captioning Available
Intended Audience
CPAs and tax professionals
NASBA Field of Study
Taxes
Level of Difficulty
Basic
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- Tax exemption and the many types of tax-exempt organizations
- Private foundation versus public charity
- Form 990, Form 990-EZ, Form 990-N, Form 1023 and Form 1024
- Intermediate sanctions, private inurement and private benefit
- Public support
- Unrelated business income tax, including Final Treasury Regulations
- Special rules, for advertising, bingo and trade shows
- Update on recent developments
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.