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CPE Self-Study

Advanced Tax Planning S Corporations - Tax Staff Essentials

  • $169.00-$209.00
    Advanced Tax Planning S Corporations - Tax Staff Essentials Online Access Product #: 157772
    AICPA Member: $169.00
    Non-Member: $209.00

Enhance your understanding of basic tax information and not-for-profit organization issues you need to prepare the current Form 990. This CPE course covers the numerous tax reporting demands the 990 imposes, including how to respond to its inquiries. You will gain the knowledge necessary to complete Form 990s properly and advise exempt clients on the Form's complexities and demands.

Key Topics:

  • Program Service Accomplishments and Reporting Changes
  • Reporting on Managers and Their Compensation
  • Reporting on Governance
  • Further Disclosures Specific to an Entity’s Circumstances (Core Form 990 Part IV Delineating Additional Schedules Required)
  • Financial Information Reporting
  • Sequencing and Completing the Return
  • Board of Directors Discussion of Form 990
  • Related Organizations
  • Transactions With Interested Persons
  • Form 990’s Common Schedules
  • Other IRS Filings and Tax Compliance

Learning Objectives:

This course will prepare you to:

  • Recognize instances in which an organization is required to file a Form 990 instead of a Form 990-EZ, or 990-N
  • Recognize the detail sought by the IRS in reporting on program service accomplishments in Part III of the Core Form 990
  • Recall the accounting conventions (and methods) required for reporting financial information on Parts VIII through X of the Core Form
  • Recognize the impact that Schedule L reporting has on the independence of a filer’s voting board members.
  • Identify where to access data necessary for completion of the Form 990
  • Identify the principle by which control vests when determining parent-subsidiary or brother-sister status between the filer and another incorporated entity
  • Recognize the three triggers that lead to the Schedule J filing requirement
  • Identify when compensation provided to contractors is reportable on the Core Form, Part VII, Section B
  • Distinguish where the filing organization’s financial information is to be properly reported on Parts VIII, IX, X, XI, and XII of the 990 Core Form
  • Identify when a change in conduct of program services is considered significant and must be disclosed on Line 2, Part III of the Core Form
  • Identify the four types of transactions that require reporting on Schedule L
  • Describe the definitions of interested person (IP) applied to each Part of Schedule L
  • Recognize the importance of making expanded disclosures via narration on Schedule O for many of the various governance disclosures required on Part VI of the Core Form

Who Will Benefit?

CPAs, attorneys, and non-profit managers

Prerequisite: None

Advance Preparation: None

Discounts

Tax Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

System Requirements

About the Authors

Brian R. Greenstein, Ph.D

Brian R. Greenstein, Ph.D., is an accounting professor at the Lerner College of Business and Economics at the University of Delaware. Previously he served as the Director of Graduate Tax Programs and Chair of the Department of Accounting and Taxation at Seton Hall University. Dr. Greenstein started his career with an international CPA firm and currently maintains an active consulting practice.

Dr. Greenstein has presented hundreds of live seminars on various tax and financial planning topics for State CPA societies, private accounting firms, and the Internal Revenue Service. He has also written numerous articles appearing in national publications such as the Journal of Taxation, The Tax Advisor, the CPA Journal, the Journal of Corporate Taxation, Taxes -- The Tax Magazine, Taxation for Lawyers, and the Review of Taxation of Individuals. His research has been quoted by the Supreme Court of the United States in Indopco v. Commissioner, and he actively contributes to the regulatory standard-setting process.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.