Tax-Exempt Organization and Form 990 Essentials 2025-26

Overview

This course is designed for CPAs seeking to deepen their understanding of federal tax-exempt status and the complexities of Form 990. Participants will explore the core form and schedules, gaining insights into public support requirements, compensation disclosures, and governance policies. The course covers critical topics such as direct and grassroots lobbying, private benefit and inurement, and special rules for activities like advertising and bingo. Attendees will also examine the implications of the Tax Cuts and Jobs Act (TCJA) and recent regulatory updates, including mandatory e-filing requirements. By the end, learners will be equipped to ensure accurate, compliant filings and effectively navigate the nuances of tax-exempt organization reporting.

Highlights

• 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

Prerequisites

None.

Objectives

• Identify the requirements for obtaining federal tax
  • exempt status and the significance of Form 990.
  • Evaluate the implications of unrelated business income and related regulations on tax
  • exempt organizations.
  • Determine the significance of governance and compensation disclosures on Form 990.

Preparation

None.