Self-Study

Not-for-Profit Tax Compliance Track

Learn from the experts with this video-based, on-demand e-learning experience. Set yourself apart and get the tools and strategies you need to sharpen your skills in not-for-profit (NFP) tax compliance. The program builds on the core concepts as you get insights from industry leaders.

Objectives

  • Identify the process to prepare the Form 990 core form and accompanying schedules.
  • Determine the effect of a particular transaction or significant event for Form 990 reporting.
  • Distinguish between organizational and operational requirements to maintain federal tax-exempt status.
  • Determine when an organization could be subject to unrelated business income taxes (UBIT) and differentiate between the more common exceptions and exclusions that apply.

Highlights

  • IRS filing requirements, including Forms 990 and 990-T
  • Reporting thresholds
  • Reasonable cause abatement
  • Unrelated business income (UBIT), exceptions and exclusions
  • IRS audit activity
  • Public support test
  • Establishing and protecting tax exemption
  • Excess benefit transactions
  • Common red flags

Additional Information

Designed For

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field

Vendor

American Institute of CPAs

Field of Study

Taxes

Course Number

17AIS0060

Level of Knowledge

Intermediate

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