Not-for-Profit Certificate II - Tax Compliance

Not-for-Profit Certificate II – Tax Compliance: Available as an individual track or as a part of the full Not-for-Profit Certificate II Program.

Essential techniques to properly prepare IRS Form 990

Part of our comprehensive Not-for-Profit Certificate II Program, this Not-for-Profit Certificate II – Tax Compliance track helps you learn techniques to prepare an exempt organization’s IRS Form 990. You’ll also explore common red flags to watch for in the diverse nonprofit industry.

Key NFP tax topics are covered, including:

• Form 990 Preparation: Core Form
• Form 990 Preparation: Schedules
• Unrelated business income tax (UBIT)
• Maintaining Tax Exemption

New dynamic learning opportunities

You can complete learning anytime, anywhere with this convenient format that allows you to take a closer look at the required schedules of IRS Form 990, all while considering real-world scenarios.

You’ll determine the appropriate calculations for comprehensive and accurate reporting as you type directly into sample tax forms using innovative learning techniques that simulate a realistic work environment and provide immediate feedback.

Spotlighting your accomplishment online

You can earn a digital badge by successfully completing the comprehensive Not-for-Profit Certificate II Program or all three of the Not-for-Profit Certificate II tracks.

• Not-for-Profit Certificate II - Financial Reporting covers techniques to prepare and analyze an NFP's financial statements, and assess the NFP’s relationships with other NFP and for-profit organizations for reporting and consolidation.
• Not-for-Profit Certificate II - Tax Compliance covers techniques to prepare an exempt organization's IRS Form 990, and identify unrelated business income tax liabilities, and common exceptions or exclusions to reduce tax liability.
• Not-for-Profit Certificate II - Governance and Assurance covers techniques to measure performance, create a budget and drive the strategic planning process to achieve mission success.

You can showcase the digital badge anywhere on the web — including your LinkedIn, your company's website or your online resume.

Your certificate and digital badge information will be sent to you once you've completed the program.

Who Will Benefit

• NFP tax preparers
• User of NFP tax returns

Key Topics

• IRS filing requirements and reporting thresholds
• Establishing and protecting tax exemption
• Excess benefit transactions
• Unrelated business income (UBIT), exceptions and exclusions
• IRS audit activity
• Public support test
• Common red flags

Learning Outcomes

• Identify the process to prepare the most common Form 990 schedules.
• Analyze scenarios to determine the appropriate schedule, part, and line, and necessary calculations, for complete and accurate Form 990 reporting.
• Determine the essential reporting considerations for the most common Form 990 schedules.
• Identify the process to prepare the Form 990 core form and accompanying schedules.
• Determine the effect of a particular transaction or significant event for Form 990 reporting.
• Distinguish between organizational and operational requirements to maintain federal tax-exempt status.
• Determine when an organization could be subject to unrelated business income taxes (UBIT) and differentiate between the more common exceptions and exclusions that apply.