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Form 990 Parts V (Other Tax Issues) & I (Summary Financials)

 Mon, 12/14/2020 from 5:30 pm to 6:30 pm
21 / 2-50886
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
$49.00 Regular Registration
Designed For:

Public accounting tax and audit staff, and nonprofit organization's Treasurers, CFOs and finance/compliance staff


Some knowledge of Form 990 helpful

This drill-down session focuses on Part V, providing substantive background materials on "what really is" being asked, or at stake in each of the inquiries in Part V. This part requires filers to disclose their compliance with multiple other areas of federal tax law that are not elsewhere addressed in the 990. The materials and the author/instructor's highlighting of each Part V inquiries include practical preparation points on many issues and nuances not covered by the instructions. The session also addresses how to avoid calculation confusion when completing the Summary Financials information required by Part I's lines 8-22. A diagram of the summarizing financials' abbreviated categories (which detail "similar" items of revenues and expenses, along with basic net assets info) is provided. Explanation of why fundraising expenses are handled disparately is provided, along with tips on addressing questions others raise about this "Part". This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.