Form 990: Exploring the Form's Complex Schedules (Paperback)

CHAPTER 1 INTRODUCTION TO SCHEDULES- THE PURPOSE AND FUNCTION OF THE 990’S 15 1-1

Supplemental Schedules 1-1

Introduction 1-2

The 16 Schedules of the Form 990 (using Mnemonics) 1-3

CHAPTER 2 DEEP DIVE INTO SCHEDULE R, THE FIRST REQUIRED SCHEDULE (WHEN APPLICABLE) OF THE FORM 990 2-1

Introduction 2-2

Completion of Schedule R Parts Vis-a-Vis Identifying Disregarded Entities and Related Organizations 2-17

CHAPTER 3 DEEP DIVE INTO SCHEDULE A HOW A PUBLIC CHARITY IS NOT A PRIVATE FOUNDATION 3-1

Schedule A: Public Charity Status and Public Support 3-2

CHAPTER 4 OTHER REVENUE DISCLOSURES IMPORTANT TO FUNDRAISING(SCHEDULES G-II AND M) 4-1

CHAPTER 5 PUBLIC POLICY, POLITICAL ACTIVITY, AND LOBBYING DISCLOSURES ON SCHEDULE C 5-1

CHAPTER 6 THE INTERESTED PERSONS OF SCHEDULE L AND THE IMPACT OF THIS SCHEDULE ON FILING ORGANIZATIONS 6-1

Table 1: Definitions of Interested Persons for Schedule L’s Parts II through IV 6-4

Category #5’s Glossary Definition 6-5

Table 2: Dollar Thresholds and Relevant Time Periods Applied in 6-7

Schedule L, Part IV Business Transactions 6-10

Schedule L Part II, Loans To/From Interested Persons 6-19

Schedule L, Part III Grants or Assistance Benefiting Interested Persons 6-23

Schedule L Part I, Excess Benefit Transactions (501(c)(3), (c)(4) and(c)(29) organizations only) 6-29

CHAPTER 7 FOREIGN ACTIVITIES (GRANT-MAKING AND BEYOND) 7-1

Schedule F: Statement of Activities outside the US 7-2

CHAPTER 8 FULLY DISCLOSING COMPENSATION ON SCHEDULE J THE REST OF THE CORE FORM PART VII STORY 8-1

Working with Form 990 Compensation Reporting Mandates Specifically, Schedule J’s Part II 8-31

Working with Schedule J’s Reporting on Compensation Practices-Schedule J, Part I 8-36

CHAPTER 9 TAX EXEMPT BONDS AND SCHEDULE K 9-1

Introduction 9-2

CHAPTER 10 THE FINAL CHAPTER: SCHEDULE N EXEMPT ENTITY IS NO MORE, IS IN WIND-UP, OR HAS EXPERIENCED ASSET CONTRACTION/EXPANSION 10-1

Introduction to N’s Reporting on Liquidation, Termination, Dissolution Or Significant Disposition of Assets 10-2

Glossary Glossary 1

Index Index 1

Solutions Solutions 1

Chapter 1 Solutions 1

Chapter 2 Solutions 2

Chapter 3 Solutions 3

Chapter 4 Solutions 7

Chapter 5 Solutions 9

Chapter 6 Solutions 10

Chapter 7 Solutions 13

Chapter 8 Solutions 14

Chapter 9 Solutions 17

Chapter 10 Solutions 18

Recent Developments

Users of this course material are encouraged to visit the AICPA website at www.aicpa.org/CPESupplements to access supplemental learning material reflecting recent developments that may be applicable to this course. The AICPA anticipates that supplemental materials will be made available on a quarterly basis. Also available on this site are link Financial Reporting Center which include recent standard-setting activity in the areas of accounting and financial reporting, audit and attest, and compilation, review and preparation.