Form 990—Basic Issues for Nonprofit Organizations

Overview

This course is designed to familiarize individuals who work for or with nonprofit organizations with Form 990 filing requirements. It covers the series 990 forms as well as common issues and pitfalls faced by nonprofit organizations. This is a basic course, geared toward the most common type of charitable organization - 501(c)(3).

Note - This course does not contain specific tax form preparation guidelines. It is a general overview of exempt issues

Learning Objectives

Upon completion of this course, students will be able to:

  • recognize how Section 501(c)(3) organizations might inadvertently jeopardize their exempt status
  • determine Form 990 filing due dates for a Section 501(c)(3) organization
  • calculate an organization's gross receipts in order to determine which version of Form 990 a Section 501(c)(3) is required to file
  • identify other common issues that might trigger additional filing requirements

Tax Year: 2020

Designed For

CPAs, EAs, and other tax professionals working to inform themselves of the most common tax issues of a 503(c)(3) organizations

WebCE® 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: www.nasbaregistry.org.
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