Tax-Exempt Organization and Form 990 Essentials

Overview

Finance professionals are ready to embrace the AI revolution, and this course is key to success in this endeavor. Join experts Dr. Mfon Akpan and Dr. Scott Dell as they reveal how cutting-edge AI tools like ChatGPT and multimodal models can automate workflows, boost decision-making, and unlock unmatched efficiencies in accounting. Learn to master the art of effective prompting, seamlessly integrate AI into your processes, and navigate critical ethical considerations like data biases and privacy. Stay ahead of the competition, harness the power of AI, and transform your role with innovation-driven strategies for the future!

Highlights

• Tax exemption and the many types of tax-exempt organizations
• Private foundation versus public charity
• Form 990, Form 990-EZ, Form 990-N, Form 1023 and Form 1024
• Intermediate sanctions, private inurement and private benefit
• Public support
• Unrelated business income tax, including Final Treasury Regulations
• Special rules, for advertising, bingo and trade shows
• Update on recent developments

Prerequisites

None.

Objectives

• Identify the requirements for obtaining federal tax-exempt status and the significance of Form 990.
• Evaluate the implications of unrelated business income and related regulations on tax-exempt organizations.
• Determine the significance of governance and compensation disclosures on Form 990.

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.