Form 990 Advanced Schedules [F990 FBX]

Full Description

Form 990 Advanced Schedules

June 4, 2014
Westmark Fairbanks Hotel
Fairbanks, AK

990 filers reporting complex (or IRS-sensitive) activities or relationships confront multiple Schedules with pages of nuanced instructions. This intermediate/advanced level course takes the time not available in the authors Form 990: Comprehensive Approach1 course to provide in-depth coverage of the Form 990's most challenging Schedules. Applying a pragmatic approach, with time for participant questions, the instructor (and detailed materials) covers both the data needs and inputs resulting in the following key Form 990 arenas:

Major Topics:
Expanded scheduling of compensation to Board members, Officers, Key Employees or High 5s called for upon Schedule J Part II (when an individual managers remuneration exceeds $150,000 for the calendar year or when certain former managers must be disclosed or unrelated organizations are paying any of these parties); and expanded questions on compensation practices (and expense reimbursement management) overall sought in Schedule J Part I
?Reporting with respect to grant making to and business transactions with certain insiders on Schedule Ls Parts III and IV, respectively
?Schedule L reporting (and definitions) in play at Parts I and II
?Schedule F reporting on foreign operations
?Working with the revised presentations (upon Schedule A) of the two public support tests
?Understanding demands of the Form 990s reporting of:
Specific assets and balance sheet items (Schedule D)
Gaming (Schedule G Part III) and use of professional fundraisers (Schedule G Part I)
Political activities reporting (Schedule C Part I)
Terminations, dissolution, and substantial transfers of assets (Schedule N)
Disclosures of related organizations and transactions with them (Schedule R Parts II-V)
?Addressing the difficult (i.e., non-basic) arenas of the most commonly applied Schedules contributions reporting (Schedule B), lobbying activities (Schedule C Part II), domestic grant
making (Schedule I), and noncash donations reporting (Schedule M)

Level of Knowledge: Intermediate/Advanced

CPE Credits: 8

Prerequisite: Participants should have a basic mastery of the Form 990.

Acronym: F990

Discussion Leader: Eve Borenstein

National Form 990 expert Eve Borenstein has been intimately involved with the IRS Redesign Project, participating in 600 pages of the comments provided to the IRS on the Form (including those of the AICPA and the American Bar Association), and presents frequently on all aspects of the Form.

Borensteins 990 day class offerings (not only this course, but her ABCs of the Form 990 (sunset after 2012) and the current AICPA course she has co-authored, Form 990: A Comprehensive Approach), consistently score evaluation marks of 4.8 -4.9. Her instructors evaluations for all of these courses, consistently peg her knowledge at 4.95 -5.00!

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