This seminar will focus on the misunderstandings and misconceptions about the information being requested on the return, offering explanations for some of the questions being asked by the IRS. We will also address mistakes commonly made on the Form 990 by many Not-for-Profit organizations.
The IRS believes there is a tax gap between taxable income reported on the form 990T and actual unrelated income being generated in tax exempt organizations. The second part of the seminar will identify common forms of unrelated business income and present strategies to minimize the potential tax effects.
Upon completion of this seminar, you will be able to:
1. Discuss why the IRS requires a larger quantity of information, and what they do with it.
2. Identify and avoid the most common mistakes made on the Form 990.
3. Identify common forms of unrelated business income and implement strategies to minimize the potential tax effects of this type of income for not-for-profit organizations.
Amy O'Loughlin, Senior Tax Manager, CBIZ
Denise Foshe, Tax Manager, CBIZ
Randy Evans, Owner, Evans Law, PLC
7:30am-8:00am: Breakfast and Networking
CPE: Eligible for 2 CPE Credits in Tax
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Live
For more information regarding refund, complaint and/or program cancellation policies, please contact our offices at 602.264.6835
CBIZ, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org