Form 990 Preparation: Core Form

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2.5 Credits

Form 990 is the chief compliance tool used by the IRS to monitor compliance of tax-exempt, not-for-profit (NFP) entities. In this CPE course, you will learn how to prepare Form 990 as you consider real-world examples and apply that knowledge through interactive e-learning exercises. Also discussed are practice tips, common errors, and potential red flags that could lead to an IRS audit.


  • Identify the process to prepare the Form 990 core form.
  • Recall the structure of the core Form 990.
  • Determine the correct amount(s) and line item(s) for core Form 990 reporting.

Major Topics

  • Filing requirements and late filing penalties
  • Reasonable cause abatement
  • Preparation tips
  • Program service accomplishments
  • Required disclosures
  • Reportable compensation
  • Statement of Revenue
  • Statement of Functional Expenses
  • Fundraising events
  • Reconciling to GAAP basis financial statements
  • Potential red flags
  • Common errors and potential pitfalls

Designed For

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
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