Tax-Exempt Organization and Form 990 Basics Webcast | 4192924A

Date :
June 4, 2019 8:30 AM - 12:00 PM
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Webcast Remote
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CPE Credits :
CPE 4.00, MCLE 3.00, IRS-TX 4.00, MCLE LS-TX 3.00, CTEC-TX 4.00
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If you're preparing Form 990, look beyond the numbers. Learn the importance of questions asked 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.

Gain an understanding of the impact of the unrelated business income tax (UBIT) upon 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 "expenditures test"; the "commerciality," and UBIT.

Plus, briefly review federal and state UBIT, including Qualified Transportation fringe benefits and charitable filing requirements. There are certain provisions of the Tax Cuts and Jobs Act (TCJA) that apply to tax-exempt organizations. we will discuss those provisions, as well as guidance issued to date.


  • Understand how federal tax-exempt status is obtained 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 Instructions.
  • Understand what direct lobbying, grass roots lobbying and the expenditure test are and how to complete Schedule C, Political Campaign and Lobbying Activities. 
  • Identify why public support is important and how to correctly complete Schedule A, Public Support.
  • Recognize the significance of core form compensation questions and disclosures; Schedules J, Compensation Information, and L, Transactions with Interested Persons; and the significance 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 issued guidance on compensation and benefits and unrelated business income revenue streams and unrelated business taxable income of tax-exempt organizations.

Major Subjects:

  • Tax-exemption
  • Types of tax-exempt organizations
  • Private inurement
  • Intermediate sanctions
  • Public support
  • Lobbying limitations, where applicable
  • Political activity prohibitions
  • Unrelated business income tax
  • TCJA provisions and guidance issued to date
  • Form 990
  • State UBTI
  • State charitable solicitation requirements

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CPAs and tax professionals.


Terry Mullen
Terry Mullen is a Tax Senior in the Orlando office of WithumSmith+Brown where she specializes in providing tax services to a wide range of tax-exempt organizations and high net worth individuals. Specializing in both compliance and consulting for the firm’s tax-exempt clients Terry, an accomplished teacher, has a, both, a Bachelor of Science degree and an M.B.A. in Accounting from Johnson & Wales University. She is, also active in Florida Society of CPAs’ activities and a frequent contributor to her firm’s training programs and an accomplished mentor within the firm.
Richard L Ruvelson, Esq.
Richard Ruvelson, Principal, WithumSmith+Brown, PC, Bethesda, MD

Rich Ruvelson has more than 30 years of experience in providing tax services to non-profit clients, including labor unions, multiemployer benefit plans, private foundations and a wide variety of public charities, including private colleges, hospitals, religious and cultural organizations, their supporting organizations and other affiliates. He has worked closely with both small and large clients on a wide range of non-profit issues including tax exemption, unrelated business income tax, public support, charitable giving and substantiation, independent contractor issues, and Form 990, Form 990-PF and Form 990-T reporting. Outside of public accounting, he has served as Tax Manager of the University of Washington and Treasurer and Finance Director of The California Endowment. He has spoken on a variety of nonprofit tax issues at a number of accounting and nonprofit industry conferences, taught at firm internal and external training and, also, taught Law of Tax-Exempts in the MBT program of the University of Minnesota’s Carlson School of Management. Rich is licensed to practice law in Minnesota.

No Agenda or Materials posted.