Form 990: Responding to Key Changes in the Form and Regulations
Preparing to Report Foreign Investments and JV Assets, Meet New Compensation Thresholds, and Tackle Other Challenges
Recording of a 110-minute CPE webinar with Q&A
This teleconference will prepare advisors to nonprofit organizations to handle all disclosures required under the latest changes for Form 990.
- Changes in the revised Form 990 and instructions
- Completion of Schedule F if foreign investments during year exceeded $100,000 or more, vs. revenue or expenses from foreign activities exceeding $10,000 before
- Complete Part X (balance sheet) by reporting distributive share of assets in any joint ventures and other entities treated as partnerships
- Report contributions of conservation easements and other qualified conservation contributions consistently with books and records
- Report distributive share of investment income, royalties and rental income from joint ventures on specific lines in VII
- Changes to glossary such as revised definition of "grants and other assistance"
- Changes to Form 990 under TD 9549 final rules
- Threshold amounts for reporting compensation
- Compensation reported on annual basis
- Changes to rules on reporting a “substantial contraction”
- Elimination of advance ruling process
- Change in public support computation period
- Same accounting method on books and Form 990
- Effective date
The panel will review these and other key questions:
- Complying with the changes in the revised Form 990 for 2011 and instructions: Additional reporting of foreign investments, income from joint ventures and partnerships, new definition of "grants," etc.
- Understanding the 2011 final regs: Implications of the new compensation-reporting threshold, elimination of the advance-ruling process, requirement for using the same accounting method as on books, etc.
- Applying experiences from Form 990 compliance in prior years: How to leverage those best practices and plan compliance in 2012.
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
His practice includes an emphasis in nonprofit taxation advisory work. He is a frequent instructor and writer on... | Read More
His practice includes an emphasis in nonprofit taxation advisory work. He is a frequent instructor and writer on accounting and tax topics.Close
Tax Senior Manager
He is attached to the firm's Not-for-Profit Practice and works predominantly with trade and professional association,... | Read More
He is attached to the firm's Not-for-Profit Practice and works predominantly with trade and professional association, arts and cultural organization, and foundation clients. He also works routinely on Form 990 matters. Before coming to Blackman Kallick, he was a non-profit practice tax director with a Big Four firm.Close
He has nearly 25 years of experience in providing tax services to non-profit clients in a variety of marketplace... | Read More
He has nearly 25 years of experience in providing tax services to non-profit clients in a variety of marketplace sectors. His advisory work touches on unrelated business income tax, non-profit tax exemptions, choice of entity, lobbying and private foundation rules, among other areas.Close
Tax Shareholder, Non-Profit Services Group
Burr Pilger Mayer
He has more than 20 years of experience providing tax and business consulting services to exempt organizations. His... | Read More
He has more than 20 years of experience providing tax and business consulting services to exempt organizations. His clients range from colleges to trade associations, and he previously led an international accounting firm's West region exempt organization tax practice and worked for the IRS Exempt Organizations Branch.Close