Mastering Form 990: Step-by-Step Guide for 2018
Live Webcast Date:
Tuesday, December 05, 2017 from 12:00 pm to 1:30 pm (ET)
Online CPE Mastering Form 990
Join us for this Knowledge Group Online CPE Mastering Form 990 Webinar. The IRS Form 990 officially known as Return of Organization Exempt From Income Tax is an informational tax form filed annually by tax-exempt organizations with gross receipts of at least $200,000 or assets worth at least $500,000 to be exempted from income tax. This annual reporting is a requirement under the Internal Revenue Code (IRC) Section 501(c). Form 990 is intended to provide the government and the public a picture that clearly demonstrates the exempt organization's mission and other significant activities each year, and also to demonstrate transparency and accountability in the nonprofit sector.
Listen and join a panel of key thought leaders and professionals assembled by The Knowledge Group as they bring the audience to a road beyond the basics and present all the important issues and practices in Mastering IRS’ Form 990. Speakers will also present a comprehensive step-by-step guide of the fundamental framework as well as recent developments surrounding this significant topic.
Key topics include:
- IRS Form 990 – Framework
- Description and Components
- Significance of Form 990
- Filing Requirements
- Scope, Exemptions, and Coverage
- Trends, Developments, and Updates
Agenda
Lori Rothe Yokobosky, CPA, MT, Senior ManagerCohnReznick LLP
- Does Background of Form 990 and reporting overview cover:
- IRS Form 990 – Framework
- Description and Components
- Significance of Form 990
- Filing Requirements
- Scope, Exemptions and Coverage
- Interconnecting with oversight to the IRS
- Form 990 Comments and Recommendations
Buchbinder Tunick & Company LLP
- Reporting related parties and related party transactions.
- Common Form 990 errors/omissions.
- Special considerations for VEBAs.
- Does Background of Form 990 and reporting overview cover:
- IRS Form 990 – Framework
- Description and Components
- Significance of Form 990
- Filing Requirements
- Scope, Exemptions and Coverage
National Rifle Association
- Current industry hot topics and emerging trends
- Handling “political activities”
- Disclosure of “foreign activities” such as grantmaking and investments
- Treatment of executive compensation
Who Should Attend
- Non-Profit Organizations
- Tax Professionals
- Tax Practitioners
- Tax Attorneys
- Internal Audits
- Tax Consultants
- CPAs
Online CPE Mastering Form 990
Lori Rothe Yokobosky, CPA, MT, Senior ManagerCohnReznick LLP
- Does Background of Form 990 and reporting overview cover:
- IRS Form 990 – Framework
- Description and Components
- Significance of Form 990
- Filing Requirements
- Scope, Exemptions and Coverage
- Interconnecting with oversight to the IRS
- Form 990 Comments and Recommendations
Buchbinder Tunick & Company LLP
- Reporting related parties and related party transactions.
- Common Form 990 errors/omissions.
- Special considerations for VEBAs.
- Does Background of Form 990 and reporting overview cover:
- IRS Form 990 – Framework
- Description and Components
- Significance of Form 990
- Filing Requirements
- Scope, Exemptions and Coverage
National Rifle Association
- Current industry hot topics and emerging trends
- Handling “political activities”
- Disclosure of “foreign activities” such as grantmaking and investments
- Treatment of executive compensation
Online CPE Mastering Form 990
Lori Rothe Yokobosky, CPA, MTSenior ManagerCohnReznick LLP
Lori Rothe Yokobosky, CPA, is a senior tax manager in CohnReznick’s Roseland office with more than 20 years of experience in the field of public accounting. Lori has dedicated the past ten years of her career to the Firm’s Not-for-Profit and Education Industry Practice where she helps her clients address a variety of tax issues. Within this practice, she specialized in working with associations, higher education institutions, private foundations, affordable housing entities and healthcare organizations.
Lori has not-for-profit expertise in ASC 740-10 (FIN 48) analyses and the reporting requirements governing contributions, compensation of board members, trustees and key employees, unrelated business taxable income, lobbying costs, and the public support test.
Believing strongly in a hands-on approach, Lori is proactive in addressing her clients’ needs and concerns by continually challenging them with new planning ideas and initiatives. As part of her proactive management style, she has been successful in structuring and restructuring tax exempt organizations. Lori’s strong tax background helps her seek strategies on revenue transactions that would help her clients minimize their potential tax burden.
Lynne Hsu, CPAAudit ManagerBuchbinder Tunick & Company LLP
Lynne has around 10 years of experience auditing labor unions, not-for-profit organizations and employee benefit plans, preparing financial statements, IRS Forms 990 and 5500, and the
Department of Labor’s Form LM-2. She also has extensive experience in the audit of public and private sector agency fee (fair share) calculations. Lynne’s technical expertise and tenacity to “get it right” is well known by her client’s and colleagues alike.
Lynne received her Bachelor of Commerce degree in accounting from McGill University in Montreal, Quebec, Canada. She is licensed as a Certified Public Accountant in the State of Maryland, and is a member of the American Institute of Certified Public Accountants and the Maryland Association of Certified Public Accountants.
Emily Cummins, CPAManaging Director of Tax and Risk ManagementNational Rifle Association
Emily Cummins (MBA, CPA, CPCU, CISSP) is Managing Director of Tax and Risk Management for the National Rifle Association. She has worked for the NRA since 2006 and at the director level since 2007. Prior to the NRA, she worked for Wachovia (Wells Fargo) and Ernst & Young. Emily has degrees from Wake Forest University, George Washington University, and George Mason University. She is currently on the Board of Directors for RIMS, the Risk and Insurance Management Society, and serving as Chair of the RIMS Audit Committee.
Online CPE Mastering Form 990
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method Of Presentation:
On-demand Webcast
Prerequisite:
Knowledge in Tax Law
Course Code:
146850
NY Category of CLE Credit:
Skills
Total Credits:
1.5 CLE
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About the Knowledge Group
The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.
Speaker Firms
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Faculty
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Lori Rothe Yokobosky, CPA, MT
Senior Manager
CohnReznick LLP
Senior Manager
CohnReznick LLP
Lynne Hsu, CPA
Audit Manager
Buchbinder Tunick & Company LLP
Audit Manager
Buchbinder Tunick & Company LLP
Emily Cummins, CPA
Managing Director of Tax and Risk Management
National Rifle Association
Managing Director of Tax and Risk Management
National Rifle Association
About the Knowledge Group
The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.
From our origins in 1919, an innovative and client-centric culture has flourished at CohnReznick. We believe that this mindset defines us in many ways. First, we have an affinity for our clients — we understand your drive. Second, we recognize leadership — talent shapes the direction of the Firm. And third, we view our success as a call to action — a means to improve our communities, promote beneficial legislative policies, and progress the high standards of the accounting profession.
- Our position in the industry is notable. Today we rank among the largest accounting, tax and business advisory firms in the United States.
- With a team of over 2,700 professionals and our extensive footprint in 26 cities worldwide, we can effectively mobilize to serve you on a local, regional, national, and international basis.
- The breadth and depth we represent in each of our practice areas can be leveraged on demand to address your enterprise initiatives or to advance distinct opportunities.
The ability to scale is matched by CohnReznick’s commitment to each client on an individual basis. Working with us means you work directly with our partners. A hands-on, consultative team and technical experts will respond to the intellectual needs of your organization, create a proactive service experience, and focus on setting and attaining goals.
Learn more about our culture, dedication to leadership, diversity and community service.
Website: https://www.cohnreznick.com/
For more than three generations, Buchbinder has been one of the premier accounting firms in the country, specializing in labor unions and employee benefit plans. Since its origination, Buchbinder Tunick & Company has dedicated itself to providing thorough, knowledgeable and accurate accounting services. That legacy still holds strong today.
With 23 partners and 85 staff in three locations – New York, Wayne, NJ and Bethesda, MD, Buchbinder provides hands-on tax, accounting and audit and assurance services. Partners are frequently in the field on engagements and are the primary contact for every client.
Buchbinder has deep technical knowledge and decades of expertise in niche areas and works together as a team to provide clients with practical solutions. Buchbinder keeps clients well informed and works to ensure clients are in full compliance with current tax laws and accounting regulations and standards.
Website: https://www.buchbinder.com/
Dismayed by the lack of marksmanship shown by their troops, Union veterans Col. William C. Church and Gen. George Wingate formed the National Rifle Association in 1871. After being granted a charter by the state of New York on November 17, 1871, the NRA was founded. Civil War Gen. Ambrose Burnside, who was also the former governor of Rhode Island and a U.S. senator, became the fledgling NRA's first president.
While widely recognized today as a major political force and as America's foremost defender of Second Amendment rights, the NRA has, since its inception, been the premier firearms education organization in the world. But the NRA’s successes would not be possible without the tireless efforts and hours of service nearly five million members give to champion Second Amendment rights and support NRA programs.
Lori Rothe Yokobosky, CPA, is a senior tax manager in CohnReznick’s Roseland office with more than 20 years of experience in the field of public accounting. Lori has dedicated the past ten years of her career to the Firm’s Not-for-Profit and Education Industry Practice where she helps her clients address a variety of tax issues. Within this practice, she specialized in working with associations, higher education institutions, private foundations, affordable housing entities and healthcare organizations.
Lori has not-for-profit expertise in ASC 740-10 (FIN 48) analyses and the reporting requirements governing contributions, compensation of board members, trustees and key employees, unrelated business taxable income, lobbying costs, and the public support test.
Believing strongly in a hands-on approach, Lori is proactive in addressing her clients’ needs and concerns by continually challenging them with new planning ideas and initiatives. As part of her proactive management style, she has been successful in structuring and restructuring tax exempt organizations. Lori’s strong tax background helps her seek strategies on revenue transactions that would help her clients minimize their potential tax burden.
Lynne has around 10 years of experience auditing labor unions, not-for-profit organizations and employee benefit plans, preparing financial statements, IRS Forms 990 and 5500, and the
Department of Labor’s Form LM-2. She also has extensive experience in the audit of public and private sector agency fee (fair share) calculations. Lynne’s technical expertise and tenacity to “get it right” is well known by her client’s and colleagues alike.
Lynne received her Bachelor of Commerce degree in accounting from McGill University in Montreal, Quebec, Canada. She is licensed as a Certified Public Accountant in the State of Maryland, and is a member of the American Institute of Certified Public Accountants and the Maryland Association of Certified Public Accountants.
Emily Cummins (MBA, CPA, CPCU, CISSP) is Managing Director of Tax and Risk Management for the National Rifle Association. She has worked for the NRA since 2006 and at the director level since 2007. Prior to the NRA, she worked for Wachovia (Wells Fargo) and Ernst & Young. Emily has degrees from Wake Forest University, George Washington University, and George Mason University. She is currently on the Board of Directors for RIMS, the Risk and Insurance Management Society, and serving as Chair of the RIMS Audit Committee.
