Form 990 Overhaul Speaker
Overview:
Recently, the Internal Revenue Service released a revised draft of the Form 990 (the information return filed by most tax exempt organizations). The latest Draft is the first complete overhaul of this form in many years. The new form attempts to be more transparent to both the IRS and other readers of the form. To achieve this transparency, exempt organization must now provide much more information.The Knowledge Congress has assembled a panel of distinguished experts to assist you in understanding this new form. The panel will discuss the form - its history, its implications and how to comply and understand its new features.
Agenda:
I. IRS Actions To Date Re 990
> Drafts
> Comments and changes
> Final Core Form and Schedules
- Structure
- Legal requirements versus best practice and transparency
- Schedule O – describe and explain
> Instructions
- When released
- Substantive areas to be covered
- Opportunity for comment
- “Educational” content versus how to fill it out
> Transition relief for Schedules H and K
> Separate entity reporting versus consolidated reporting
> Retention of ability to file group returns
II. Core Form, Part VI – Governance
III. Schedule D, including FIN 48 footnote disclosure
IV. Schedule H
V. Schedule J
VI. Schedule L
VII. Schedule R
VIII. Schedule N
IX. Role Form 990 plays in enforcement and policy review
X. Case Study – How CEO Compensation shows up on Form 990B
XI. Case Study – How Joint Venture shows up on Form 990
Who Should Attend:
Accountants, Financial Officers, Senior Officers, Tax-exempt Auditors, Tax-exempt Organization Lawyers, Nonprofit organization executives.
A member of Jones Day's tax and health care practices, Jim is chair of the health care practice's tax-exempt organization …
Mr. Giardini is the Managing Director of WTAS’ Mid-Atlantic Exempt Tax Practice with more than 25 years of client advising …
Jeanne M. Schuster is an executive director at Ernst & Young, LLP, concentrating in tax-exempt organizations. Her experience with tax-exempt …
Kaye B. Ferriter is a managing director in the tax practice at PricewaterhouseCoopers. She has over 20 years of experience …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
898978
Total Credits:
2.0 CLE
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SPEAKERS' FIRMS:
Ernst & Young, LLP
PricewaterhouseCoopers LLP
About Jones Day
Website: https://www.jonesday.com/
About Wealth & Tax Advisory Services, LLC
Website: https://www.wealth-tax.com/