Experience in the nonprofit sector and assisting taxpayers in such areas as improving their internal controls, ethical practices, and fundraising practices.

Course Description

Using a practical, hands-on approach, this course guides you through completing one of the most difficult tax forms. The object of this course is to train staff accountants and other preparers to deal with the challenging aspects of filing the Form 990 series of tax returns. Major topics covered include changes to Form 990, Form 990 filing requirements, who must file Form 990, accounting periods and methods, and specific preparation instructions.


Stuart Sobel, EA

Stuart P. Sobel, EA was the president of Tax Media Network, Inc. located in Indianapolis, Indiana. He graduated in accounting from Ohio University. For 15 years, his firm, Stuart Sobel Consulting, Inc., provided tax consulting in tax planning, business creation, tax-exempt filing, strategic planning, charitable giving, employment benefits, and tax controversy issues. He helped create thousands of diverse businesses and nonprofit organizations including public charities, trade associations, and athletic organizations worldwide.

During the 30 years he worked for the Internal Revenue Service, Stuart held a number of positions, including revenue agent, expert witness, chief examination branch, chief review staff, and group manager. He was one of the co-authors of the Internal Revenue Service Examination Standards and was loaned by the IRS to the Russian Republic for the design of their tax system after the breakup of the Soviet Union. He also co-authored the IRS Guide for Return Selection and Examination Plans for Returns Program Managers.

For fourteen years, Stuart taught entrepreneurship, accounting, and tax courses as a member of the Indiana University adjunct faculty. He taught tax planning and tax controversy to CPAs and other financial professionals. He also conducted training programs for trade associations, community foundations, government agencies, and private businesses

Course Specifics

Feb 7, 2017
Experience in the nonprofit sector and assisting taxpayers in such areas as improving their internal controls, ethical practices, and fundraising practices.

Compliance Information

IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01175-17-S
IRS Federal Tax Law Credits: 16
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1128
CTEC Federal Tax Law Credits: 16
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the issues causing the complexity of the Form 990 and create a plan for the preparation of the Form 990.
  • List the nonprofit tax provisions of the PATH Act of 2015.

Chapter 2

  • Recognize the specific filing requirements of exempt organizations.
  • Identify the accounting period and method of an exempt organization.
  • List the requirements for a properly completed Form 990.

Chapter 3

  • List the specific information required in the heading section of Form 990 to identify the filing organization.
  • Summarize key information that is recorded elsewhere on the return and place it in Part I.
  • Cite information regarding the organization's program services and exempt purpose achievements.
  • Identify how to utilize the checklist in Part IV to determine which schedules need to be included with an organization's Form 990.
  • Identify which federal tax compliance requirements are applicable to the organizations.
  • Identify how to report required information regarding an organization's governing body, its management and governance policies, and its disclosure policies.
  • List the organization's current and/or former officers, directors, trustees, key employees, highest compensated employees, and current independent contractors.
  • List a breakdown of contributions and program service revenues.
  • Classify and report the organization's functional expenses.
  • Cite how to create a balance sheet for the Form 990, Part X.
  • Identify whether the organization's financial statements were compiled, reviewed, or audited by an independent accountant, and whether or not the organization has an audit committee.

Chapter 4

  • Identify the required information regarding public charity status and public support on Schedule A.
  • Cite how to collect sufficient information to complete Schedule B, Schedule of Contributors.
  • Identify the required information on political campaign or lobbying activities on Schedule C.
  • Identify the required information for Schedule D for reporting for donor advised funds, conservation easements, certain art and museum collections, escrow accounts and custodial arrangements, endowment funds, and supplemental financial information.
  • Cite how to complete Schedule E to report information on private schools.
  • Identify information on Schedule F on its activities conducted outside the United States by the organization at any time during the tax year.
  • Identify how to report on Schedule G regarding an organization's professional fundraising services, fundraising events, and gaming.
  • Identify the information required for hospitals to complete Schedule H.
  • Provide information on Schedule I on grants or other assistance to organizations, governments, and individuals in the United States.
  • Cite how to respond to the questions on Schedule J regarding an organization's compensation practices.
  • Identify how to complete Schedule K to provide certain information on an organization’s outstanding liabilities associated with tax exempt bond issues.
  • Cite how to use Schedule L to provide information on certain financial transactions or arrangements between the organization and disqualified persons under §4958 or other interested persons; and determine whether a member of the organization's governing body is an independent member.
  • Identify how to report on Schedule M the types of non-cash contributions received during the year by the organization and provide reporting of certain information regarding such contributions.
  • Cite information on Schedule N relating to an organization's going out of existence or disposing of more than 255 of its net assets through a contractions, sale, exchange, or other disposition.
  • Identify how to compose narrative information required on Schedule O for responses to specific questions on Form 990, and to explain the organization's operations or responses to various questions.
  • Cite how to complete Schedule R to provide information on related organizations, on certain transactions with related organizations, and on certain unrelated partnerships through which the organization conducts significant activities.

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