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Basics and Beyond: Preparing the Complicated Form 990
- Which form in the 990 series to file
- Common pitfalls and problems when completing the return
- Preparation of the summary of the organization’s mission, activities, and financial results
- Governance, management, and disclosure information regarding governing bodies
- Compensation schedules for officers, directors, and key employees
- Interaction between financial statements and the Form 990
- Public support test and the types of nonprofit entities that may file Form 990
- How related organizations can affect the filing organization’s return
- Introduction to Unrelated Business Income
- Beyond the numbers: sections of the Form 990 to consider in telling the organization’s story
- How the organization’s Form 990 is used by reporting agencies
- Best practices in Form 990 presentation and common pitfalls
Overview of the webinar
The IRS Form 990 is a valuable information gathering tool for the IRS to confirm organizations are meeting their nonprofit requirements. It's also important to donors and rating agencies in assessing and reporting the health of organizations. The objective of this course is to lay a foundation of understanding on the Form 990 core and associated schedules including how they intersect to form a complete return, discuss common mistakes that can increase your organization’s audit risk, best practices to consider in return preparation, and the story your Form 990 is telling about your organization.
Who should attend?
- Private foundation compliance officers
- CPAs
- Enrolled Agents
- Tax Return Preparers
- Tax Attorneys
- Financial advisors who work with tax-exempt organizations
- Staff or seniors in public practice who are new to nonprofit issues
- Managers, senior managers, directors or partners in understanding practice
Why should you attend?
The objective of this webinar is to train new and experienced staff accountants and preparers to deal with the challenges of filing the Form 990 and associated schedules. You’ll learn the flow of the form and how sections intersect to form a complete return. You’ll also learn how donors, the IRS and other stakeholders use the form.
Faculty - Ms.Tracy S. Paglia
Tracy Paglia, CPA, is a tax partner with Moss Adams LLP. She has over 22 years of public accounting experience identifying and meeting the tax and consulting needs of Not-for-Profit and exempt Healthcare clients, their for-profit affiliates and donors. Her expertise includes areas such as attaining, maintaining and termination of tax-exempt status, preparing and analyzing the Form 990, state registration and filing requirements, intermediate sanctions, compensation issues, forming an operation in joint ventures and for-profit subsidiaries, and charitable planning options for donors.
Tracy is a highly-rated national speaker on tax-exempt issues. Her teaching and speaking experience includes sessions for the National Association of College and University Business Officers, the American Institute of CPAs, Council on Foundations, LeadingAge and American Society of Association Executives. Tracy is based in the California Central Valley office. She is the leader of the firm’s Public Sector and Not-for-Profit Industry Tax Committee and an associate member of the AICPA's Technical Resource Panel. Tracy has a bachelor degree in accounting from the University of Idaho, is a member of the American Institute of CPAs and the California State CPA Society, and holds CPA licenses in Oregon and California.
Tracy is a highly-rated national speaker on tax-exempt issues. Her teaching and speaking experience includes sessions for the National Association of College and University Business Officers, the American Institute of CPAs, Council on Foundations, LeadingAge and American Society of Association Executives. Tracy is based in the California Central Valley office. She is the leader of the firm’s Public Sector and Not-for-Profit Industry Tax Committee and an associate member of the AICPA's Technical Resource Panel. Tracy has a bachelor degree in accounting from the University of Idaho, is a member of the American Institute of CPAs and the California State CPA Society, and holds CPA licenses in Oregon and California.