Tax-Exempt Organization and Form 990 Basics 2023

If you're preparing Form 990, look beyond the numbers. Learn the importance of questions and the required information provided on the core form and...

12/4/2023 10:00am - 1:30pm  |  Online  |  CalCPA

Members: $159.00, Non-members: $209.00

CPE Categories: Taxation (4 CPE)

Interest Areas: Government/Nonprofits

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If you're preparing Form 990, look beyond the numbers. Learn the importance of questions and the required information provided on the core form and the schedules. Also, examine Form 990, including the core form and Schedules A-G and I-R. Understand the impact of unrelated business income tax (UBIT) on different revenue streams. Featured topics include tax exemption; intermediate sanctions, direct and grassroots lobbying and the "expenditure test"; public support; "quid pro quo" payments; the "commerciality," bingo, raffles and UBIT, generally. Learn the implications of the CARES Act and the American Rescue Plan. Plus, briefly review federal and state UBIT and charitable filing requirements. Also, discuss specific provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 and both temporary and final guidance, including Treasury Regulations, to date. Finally, learn from experiences of the initial year of mandatory e-filing requirements and the requirement for the IRS to notify organizations in danger of automatic revocation of their tax exemption.

Presented by Richard Ruvelson, Thomas Parisi

Target Audience

CPAs and tax professionals

Course Objectives

  • Understand how to obtain federal tax-exempt status and the significance of tax-exemption
  • Understand the significance of Form 990, Return of Organization Exempt From Income Tax Core Form and Schedules, including both general and specific suggestions and interpretation of the Form and Instruction
  • Understand what direct lobbying, grassroots lobbying and the expenditure test are and how to complete Schedule C, Political Campaign and Lobbying Activities
  • Identify why public support is essential and how to complete Schedule A, Public Support correctly
  • Recognize the significance of core form compensation questions and disclosures; Schedules J, Compensation Information, and L, Transactions with Interested Persons; and the importance of "intermediate sanctions" including the safe harbor
  • Identify what constitutes a "complete" filing of Form 990
  • Discuss the significance of governance and policies addressed on Form 990
  • Understand the concepts of related, excluded and unrelated income, as well as the implications, including special rules for certain types of entities
  • Understand the implications of TCJA and regulations, thereunder, on unrelated business income revenue streams and unrelated business taxable income of a tax-exempt organization
  • Understand special rules related to certain unrelated business activities, including advertising, bingo and trade shows


  • 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