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Form 990: Exploring the Form's Complex Schedules

Form 990: Exploring the Form's Complex Schedules

Quick Overview
Mastery of the current Form 990 beyond its Core Form pages requires an understanding of the Form's transparency demands relating to multiple complex issues, including: Transactions with certain insiders, expanded disclosure of highly-comp'd individuals' calendar year compensation, identifying and reporting in the presence of, "related organizations," nuances of the two "public support tests", undertaking of foreign operations, and more. This CPE course covers the most advanced tax and nonprofit issues related to Form 990's Schedules. You will not only gain an understanding of the tax and practical points necessary to complete Schedules A, C, F, J, K, L, N, and R of the current Form 990, but you will also be advised as to how to communicate with exempt clients on each of these Schedules' unique demands.

Credits - 10.00
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Eve Borenstein, JD , Jane M. Searing, CPA, M.S. Taxation, Tax Shareholder

Field(s) of study


Level of difficulty


Topics discussed

Key issues that affect how public charities are classified and relate to Schedule A reporting, The various public policy realms inquired of in Schedule C, Complexity and problems within Schedule F's instructions, Identification of, and reporting in Schedule R, of related organizations, The various types of "transactions with Interested Persons" required to be disclosed in Schedule L, Critical issues to avoid in Schedules K and N, Items to watch for when completing Schedule J's Parts I and II


Distinguish between the in-flows of each of the public support tests, apply each test's calculations, and identify what defines a supporting organization, and note such entities' types and attendant reporting obligations, Distinguish the reporting obligations of 501(c)(3) organizations with respect to lobbying versus that of the proxy tax in place for 501(c) (4), (5), and (6) organizations, and note required electioneering reporting of all 501(c) entities, Recognize the triggers for Schedule F, Recall the definitions of Interested Persons applied within each Part of Schedule L, Recognize the expanded compensation reporting and management practices inquired of in Schedule J, Appreciate both the need for bond counsel involvement in completing Schedule K and the diverse scenarios that trigger Schedule N, Identify the common reporting disclosures required in the presence of "related organizations" and the unique reporting demands applied, based on type of entity

Designed for

CPAs, attorneys, and not-for-profit managers