Private Foundations and Form 990-PF

This IRS form 990 webinar will discuss how to fill core Form 990, the complex elements of the form, the governance/insider compensation rules for exempt status, current areas of IRS focus and exam activity, how to avoid common mistakes that can increase your organization’s audit risk, best practices to consider in return preparation, and how the story your Form 990 is telling about your organization.

Why Should You Attend:

Non profits having tax-exempt status do not pay federal taxes, but they have to file an information form with the IRS called 990. This is because by filing the 990 makes sure that nonprofits conduct their business which is consistent with their public responsibilities.

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. This IRS Form 990 webinar will discuss the complexities of filling Form 990, the common mistakes and how to de-risk in preparing the Form 990 by identifying red flags and best practices of return preparation.

Areas Covered in the Webinar:

• How to Correctly complete the core Form 990
• Deep Understanding of the more complex elements of the Form
• Learn the basic elements of the most often used Form 990 schedules
• Beyond the numbers: sections of the Form 990 to consider in telling the organization’s story
• Best practices in Form 990 presentation and common pitfalls
• How the organization’s Form 990 is used by reporting agencies: What does the IRS focus on
• Updates on areas of focus by the IRS and how these are disclosed on the Form 990
• What all required governance/insider compensation rules to satisfy for your organization’s exempt status
• Learn about all the resources available to exempt organizations
• Understand how to mitigate risk in preparing the Form 990 by identifying certain reporting and analytical red flags
• Understand the process of creating a new public charity, including the tax exemption process from a federal perspective

Who Will Benefit:

• 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 public practice