GOV2127. Form 990-T: Remodelled for the First Time in 70 Years

The 2017 "Tax Cuts and Jobs Act" changed the playing field for many not-for-profits and the manner in which they must look at unrelated business activities. Now, Form 990-T has been remodeled, upgraded, and set for eFiling. In this session we will survey the changes, cover potential pitfalls, and discuss unrelated business planning and awareness for all NFPs.

Learning Objectives:

• Distinguish the key changes in the Form 990-T instructions for 2020 including the new Schedule A
• Apply the changes and new directives to your organization