4067 | On Demand | Intermediate | Self-Study
Form 990 Preparation: Schedules
Friday, May 1, 2020 - Friday, April 30, 2021
The IRS Form 990 is made up of the core form and sixteen schedules that, taken together, are used by the IRS to monitor compliance with federal income tax law applicable to tax-exempt, not-for-profit organizations. In this CPE course, you will take a closer look at the required schedules of the IRS Form 990. You will consider real-world examples and apply what you learned through interactive e-learning exercises. Also discussed are potential red flags to avoid.
- Identify the process to prepare the most common Form 990 schedules.
- Analyze a scenario to determine the correct amount, line item, and schedule for Form 990 reporting.
- Recognize the reporting considerations for the most common Form 990 schedules.
- Brian Yacker (view bio)
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
- Walkthrough of Form 990 schedules
- Reporting thresholds
- Public support test
- Lobbying and political activities
- Foreign activities
- Special events
- Insider compensation
- Non-cash contributions
- Domestic grantmaking
- Related parties
- Reconciling Form 990 to GAAP basis financial statements
Brian Yacker, CPA, JD, <b/> is a Partner with YH Advisors, The Exempt Org Experts. Brian has over 20 years of tax, legal, and accounting experience in the exempt organizations area. Brian focuses exclusively in working with exempt organizations. In this regard, Brian possesses a vast amount of experience and expertise 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 exempt organizations.
Areas of exempt organization consultation which Brian possesses expertise include public support test calculations and planning, preparation of reasonable compensation rebuttable presumption binders and Reasonable Compensation Studies, governance best practices consultation, recommendations regarding effective Bylaws, conducting of EO Governance Check-Ups, compliance with the §501(h) lobbying safe harbor, proper functional expense allocations, maximizing charity watchdog ratings, and the proper internal and external reporting of special event fundraisers. Representative clients include hospitals and other healthcare organizations, universities and colleges, private foundations (family foundations/private operating foundations/corporate foundations), trade organizations, social clubs, other public charities, youth organizations, religious organizations, and amateur sports organizations.
Brian is actively involved in the AAA-CPA, serving on their Board of Directors, Finance Committee and Executive Committee. Brian also serves on the Board of Directors (and is an Executive Committee member) for BookEnds and the Long Beach Nonprofit Partnership. Brian is a member of the American Bar Association (and a participant on their Exempt Organizations Committee) and the California Bar Association's Tax Section. Brian is also a member of the AICPA’s EO Tax Technical Resource Committee.
Along with Lauren Haverlock, Brian annually conducts a great many full-day exempt organization tax technical presentations, including advanced public charities issues, intermediate public charities issues, Form 990 primer, private foundations tax primer and advanced private foundations tax and legal issues. Additionally, along with Lauren, they conduct periodic exempt organization webinars on selected exempt organization tax and legal topics.
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).