Schedule L reports in two different directions: its primary reach extends to three categories of transactions with a filer's "Interested Persons": loans outstanding with them, grants or assistance being provided to them, and business transacted with them. It also reports on whether any prohibited (and thus subject to excise tax) intersections have occurred with impermissible parties. This introduction to Schedule L is designed to ensure that preparers will not "lose their minds" over this schedule's inherent complexity.
The materials and the author/instructor provide a Plain English explanation of who are the parties the 990 considers "Interested Persons" and when (and why) their intersections with the filer are made the subject of this schedule's "sunlight". This session will aid preparers in both understanding what each of Schedule L's parts is looking for, and in appreciating the importance of accessing data necessary to these parts' completion.
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: Basic
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.
