Navigating Foreign Activities Reporting Requirements for Exempt Organizations: Form 990 Sch. F, and Other Returns
Identifying Required Disclosures and Tracking Location and Nature of Foreign Accounts For Nonprofits
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide an in-depth exploration into the determinations, calculations, disclosures and tax reporting of foreign investments, accounts and activities held or engaged in by nonprofit/exempt organizations. The panel will offer practical guidance into identifying foreign investments that do—and do not—require disclosure on Form 990 Schedule F and on other returns, tracking the location of foreign accounts and investments, and reporting operations in a boycotting country.
- Definition of reportable foreign activities
- Form 990 Schedule F
- Reporting grants and exempt activities
- Schedule F, Part IV: Statements of transfer to or ownership of foreign assets
- Other forms
- Form 926, Transfers of Property to a Foreign Corporation
- Form 3520, Transactions With Foreign Trusts
- Form 5471, Information Return of U.S. Persons With Respect to Foreign Corporations
- Form 8621, Passive Foreign Investment Company
- Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships
- Form 5713, International Boycott Report
- FinCen 114 (formerly TDF 90-22.1 or FBAR)
- Case study with illustrations
The panel will discuss these and other critical issues:
- What are the thresholds for various reporting obligations of foreign transfers, asset ownership or income?
- What is the interplay among Form 990 Schedule F and other Foreign Informational Forms?
- Interpreting K-1s with foreign holdings, and other foreign income and asset statements, to determine how and where to report activities and ownership of foreign assets.
YH Advisors | The Exempt Org Experts
Mr. Yacker has more than 20 years of tax, legal and accounting advisory work with exempt organizations. In that time,... | Read More
Mr. Yacker has more than 20 years of tax, legal and accounting advisory work with exempt organizations. In that time, he has amassed extensive experience preparing and reviewing forms 990, 990-T and 990-PF.Close
Ms. Mecchella works in her firm's not-for-profit and corporate practices. She is experienced serving clients... | Read More
Ms. Mecchella works in her firm's not-for-profit and corporate practices. She is experienced serving clients in the health care, general not-for-profit, partnership and corporate industries, advising them on business and tax matters. She manages tax compliance engagements, performs research for tax planning strategies and unrelated business taxable income, and has specialized technical experience with regards to IRS Form 990, Form 990-T and related state and foreign filings.Close
April Stith, CPA
Tax Senior Manager
Ms. Stith is well-versed in foreign reporting. Her practice focuses on tax-exempt organizations as well as trust and... | Read More
Ms. Stith is well-versed in foreign reporting. Her practice focuses on tax-exempt organizations as well as trust and estate clients. She provides compliance and consulting in a variety of areas relating to the Form 990 and charitable estate planning. She is a member of the firm's government, not-for-profit, and private client services groups.Close
Other Formats— Anytime, Anywhere
CPE On-DemandSee NASBA details.