Form 990 Workshop Webinar

Webinar Presenter: Brian Yacker, CPA, J.D.
(Windes & McClaughry Accountancy Corporation)

Part VI (Governance)
Topics: The new Form 990 is substantially different and more voluminous than the existing Form 990. One of the areas where the new Form 990 “requires” substantially more information and disclosures than its predecessor is in the area of the governance of the filing tax-exempt organization (Part VI of the new Form 990). As such, this webinar will be focused on the completion of Part VI of the new Form 990, including a review of all the questions contained in Part VI and an analysis of the “best practice” responses.

• Definition of “independent” for Form 990, Part VI purposes
• How a tax-exempt organization makes reasonable efforts to ascertain family and business relationships
• An in-depth analysis of all the different “required” policies that the tax-exempt organization should implement
• An in-depth analysis of all the different “required” procedures that the tax-exempt organization should undertake
• Recommended Board committees that the tax-exempt organization should form
• How the tax-exempt organization can satisfy their public disclosure requirements

Part VII (Compensation)
Topics: The payment of compensation by a tax-exempt organization to its insiders (board members, officers, key employees) has always been scrutinized by the Internal Revenue Service and state Attorneys General. In that regard, it is essential that the organization prepare and maintain the required documentation to satisfy the applicable federal and state rules and regulations.

• Summary of §4958 of the Internal Revenue Code
• Discussion regarding the reasonable compensation three-prong rebuttable presumption
• Recommended best practices to complete Part VII of the new Form 990
• Recommended best practices to complete Schedule J of the new Form 990
• Discussion regarding importance of having an expense reimbursement policy
  

Schedule A (Public Support Test)
Topics: Notwithstanding the fact that a public charity’s public support test calculation was not overhauled as part of the sweeping changes introduced by the new Form 990, there are still a number of important issues to be discussed regarding the preparation of Schedule A of the new Form 990.

• Recommended best practices to complete Schedule A of the new Form 990
• Discussion regarding how Schedule A on the new Form 990 is different than the Schedule A on the predecessor Form 990
• Discussion regarding charitable support organizations
• Discussion regarding calculation of the public support fraction
  
  

$399 webinar features:

• Access to recording to watch at your convenience
  
• Unlimited number of people may watch and listen and print course outline
  
• Reference manual containing cites, examples, and complete explanations
  
• 6 hours of CPE for one viewer*
  

*Additional CPE cost:
$59 per additional viewer. Please contact our customer service department to register for additional CPE at (714) 776-7850.

You must have computer speakers to listen to this webinar

About the Presenter:
Brian Yacker, CPA, J.D.:

Brian has 17 years of tax, general business consulting, and accounting experience. Brian focuses extensively in working with tax-exempt organizations. In this regard, Brian has extensive experience in preparing and reviewing Forms 990, 990-T, 990-PF, and state tax-exempt forms. Brian also has extensive experience in the preparation and filing of both federal and state tax exemption applications for public charities, private foundations, and other tax-exempt organizations. He is actively involved in the AAA-CPA, serving on both their Finance Committee and the IRS Liaison Committee. Additionally, Brian is the AAA-CPA’s representative on the Internal Revenue Service Advisory Committee (Office of Professional Responsibility Subgroup).

Brian earned his Bachelors degree in Finance/Marketing from the University of Virginia and his Juris Doctor from the Indiana University School of Law (Bloomington).

This self-study is designed to meet the requirements for the specified number of hours of continuing education. This self-study has been designed to meet the requirements of the Office of Professional Responsibility of the Internal Revenue Service; including Code 31 of Federal Regulations 10.6(g); the California State Board of Accountancy; the California Bar Association; the Certified Financial Planner Board of Standards; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at 714-776-7850. There are no prerequisites required. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or phone at 877-850-2832, or on the internet at www.CTEC.org.