Mastering Form 990: Step-by-Step Guide for 2018

Production Date: Tuesday, December 05, 2017 from 12:00 pm to 1:30 pm (ET)

Overview:

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 Manager
CohnReznick 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

Lynne Hsu, CPA, Audit Manager
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

Emily Cummins, CPA, Managing Director of Tax and Risk Management
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

Lori Rothe Yokobosky, CPA, MT Senior Manager CohnReznick LLP

Lori Rothe Yokobosky, CPA, is a senior tax manager in CohnReznick’s Roseland office with more than 20 years of experience …

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Lynne Hsu, CPA Audit Manager Buchbinder 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 …

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Emily Cummins, CPA Managing Director of Tax and Risk Management National Rifle Association

Emily Cummins (MBA, CPA, CPCU, CISSP) is Managing Director of Tax and Risk Management for the National Rifle Association. She …

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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 CohnReznick LLP

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/

About Buchbinder Tunick & Company LLP

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: http://www.buchbinder.com/

About National Rifle Association

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.