Not-for-Profit Certificate II - Tax Compliance

Available for 1 year after purchase date

**OnDemand**

8.5 Credits

Member Price $295.00

Non-Member Price $375.00

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Overview

Tax compliance considerations and heavily scrutinized sections of Form 990 are examined for practitioners looking to elevate their NFP tax knowledge. Part of the Not-for-Profit Certificate II Program.

Highlights

Key Topics

IRS filing requirements and reporting thresholds
Establishing and protecting tax exemption
Excess benefit transactions
Unrelated business income (UBIT), exceptions and exclusions
IRS audit activity
Public support test
Common red flags

Prerequisites

Experience working in or with the not-for profit industry.

Designed For

Who Will Benefit

NFP tax preparers
User of NFP tax returns

Objectives

Learning Outcomes

Identify the process to prepare the most common Form 990 schedules.
Analyze scenarios to determine the appropriate schedule, part, and line, and necessary calculations, for complete and accurate Form 990 reporting.
Determine the essential reporting considerations for the most common Form 990 schedules.
Identify the process to prepare the Form 990 core form and accompanying schedules.
Determine the effect of a particular transaction or significant event for Form 990 reporting.
Distinguish between organizational and operational requirements to maintain federal tax-exempt status.
Determine when an organization could be subject to unrelated business income taxes (UBIT) and differentiate between the more common exceptions and exclusions that apply.