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Interested Person Sunshine: 990 Schedule L, Parts II-IV

 Tue, 03/16/2021 from 3:30 pm to 5:30 pm
 Online
 
2.0
21 / 2-50922
Registration is Open
Price
$79.00 Regular Registration
Designed For:

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

Prerequisite:

Education on and/or experience with Schedule L's instructions

Unlike Schedule L's Part I which requires "turning in the sinner," Parts II-IV promote transparency and accountability when an exempt organization has "insider transactions" regardless of whether the transaction is routine and/or reasonable! These parts imply no value judgment, but filers who miss reporting the fact of loans with, grants or assistance provided to, or business transactions with any of the parties the 990-instructions consider "Interested Persons" will be on the defensive as to what was missed, especially if the omission demonstrates management's failure to protect the organization's interests (or worse!)

This session goes past who are the so-called Interested Persons as defined by the five harmonized categories applying across all three parts to address: the additional IP categories employed in Parts II and IV; when a part's transaction is excepted; and handling what is absolutely required to be disclosed in each 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.

Related Events

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.