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CPE Self-Study

Introduction to Form 990: Not-for-Profit Tax Compliance

  • $69.00-$79.00
    Introduction to Form 990: Not-for-Profit Tax Compliance Availability : Online Access Product #: 165143
    AICPA Member: $69.00
    Non-Member: $79.00
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    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-TAX3

This CPE course is included in the 40-hour Not-for-Profit Certificate Program. It can also be purchased individually or as a part of the Not-for-Profit Tax Compliance track.

Most tax-exempt, not-for-profits (NFPs) are required to file an annual information return Form 990, which is filed with the IRS and available to the public. Accurate and complete reporting of the Form 990 is critical, not only to maintain an NFP’s tax-exempt status, but also to uphold the organization’s reputation and its ability to raise funds from donors, members or other supporters. Some of the most heavily scrutinized sections of the Form 990 include the questions regarding an NFP’s governance practices, such as the composition of the entity’s board of directors, its executive compensation practices and disclosure of organizational policies.

In this CPE course, you will learn the fundamentals of the Form 990 series of returns, including the basic financial and non-financial information necessary for preparing a complete and accurate return. Topics in this course include the structure of the core Form 990 and related schedules, adjustments to reconcile the Form 990 to an entity’s financial statements, and common errors that should be avoided.

Topics Discussed:

  • Purpose of the Form 990
  • Form 990 series of returns
  • Basic filing requirements
  • Structure of the form 990 and related schedules
  • Reconciling Form 990 to financial statements
  • Common errors
  • Recordkeeping

Learning Objectives:

When you complete this course, you will be able to:

  • Recall the purpose of the Form 990.
  • Differentiate between the various forms included in the Form 990 series of returns (Form 990, 990-EZ, and 990-N) and identify which form the entity must file.
  • Identify the structure and core components of the Form 990 and related schedules.
  • Identify some of the most common adjustments needed to reconcile the Form 990 to financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
  • Define basic terminology that is necessary to understand the reporting requirements of the Form 990.

Who Will Benefit?

  • CPAs, financial professionals and NFP board members who need a basic overview of the IRS Form 990.

Prerequisite: None

Advanced Preparation: None

Discount

Not-for-Profit 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 NFP Section.

System Requirements

About the Authors

MTAX and William E. Turco, CPA

McGladrey LLP

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.