Why Should You Attend:
Non profits having tax-exempt status do not pay federal taxes, but they have to file an information form with the IRS called 990. This is because by filing the 990 makes sure that nonprofits conduct their business which is consistent with their public responsibilities.
The IRS Form 990 is a valuable information gathering tool for the IRS to confirm organizations are meeting their nonprofit requirements. It's also important to donors and rating agencies in assessing and reporting the health of organizations. This IRS Form 990 webinar will discuss the complexities of filling Form 990, the common mistakes and how to de-risk in preparing the Form 990 by identifying red flags and best practices of return preparation.
Areas Covered in the Webinar:
How to Correctly complete the core Form 990
Deep Understanding of the more complex elements of the Form
Learn the basic elements of the most often used Form 990 schedules
Beyond the numbers: sections of the Form 990 to consider in telling the organization’s story
Best practices in Form 990 presentation and common pitfalls
How the organization’s Form 990 is used by reporting agencies: What does the IRS focus on
Updates on areas of focus by the IRS and how these are disclosed on the Form 990
What all required governance/insider compensation rules to satisfy for your organization’s exempt status
Learn about all the resources available to exempt organizations
Understand how to mitigate risk in preparing the Form 990 by identifying certain reporting and analytical red flags
Understand the process of creating a new public charity, including the tax exemption process from a federal perspective
Non profits having tax-exempt status do not pay federal taxes, but they have to file an information form with the IRS called 990. This is because by filing the 990 makes sure that nonprofits conduct their business which is consistent with their public responsibilities.
The IRS Form 990 is a valuable information gathering tool for the IRS to confirm organizations are meeting their nonprofit requirements. It's also important to donors and rating agencies in assessing and reporting the health of organizations. This IRS Form 990 webinar will discuss the complexities of filling Form 990, the common mistakes and how to de-risk in preparing the Form 990 by identifying red flags and best practices of return preparation.
Areas Covered in the Webinar:
How to Correctly complete the core Form 990
Deep Understanding of the more complex elements of the Form
Learn the basic elements of the most often used Form 990 schedules
Beyond the numbers: sections of the Form 990 to consider in telling the organization’s story
Best practices in Form 990 presentation and common pitfalls
How the organization’s Form 990 is used by reporting agencies: What does the IRS focus on
Updates on areas of focus by the IRS and how these are disclosed on the Form 990
What all required governance/insider compensation rules to satisfy for your organization’s exempt status
Learn about all the resources available to exempt organizations
Understand how to mitigate risk in preparing the Form 990 by identifying certain reporting and analytical red flags
Understand the process of creating a new public charity, including the tax exemption process from a federal perspective
Speakers
Tracy Paglia, CPA, is a tax partner with Moss Adams LLP. She has over 21 years of public accounting experience identifying and meeting the tax and consulting needs of Not-for-Profit and exempt Healthcare clients, their for-profit affiliates and donors. Her expertise includes areas such as attaining, maintaining and termination of tax exempt status, planning for and reporting unrelated business income, preparing and analyzing the Form 990, state registration and filing requirements, intermediate sanctions, compensation issues, forming and operation in joint ventures and for-profit subsidiaries, and charitable planning options for donors.Tracy is a highly-rated national speaker on tax exempt issues. Her teaching and speaking experience includes sessions for the National Association of College and University Business Officers, the American Institute of CPAs, Council on Foundations, LeadingAge and American Society of Association Executives.
Tracy is based in Stockton, California and is an associate member of the AICPA's Technical Resource Panel. Tracy has a bachelor degree in accounting from the University of Idaho, is a member of the American Institute of CPAs and the California State CPA Society, and holds CPA licenses in Oregon and California.
