GOV2412. Related Party Reporting: Tax and Audit Perspective

The IRS and other regulators have "stepped up" scrutiny and reporting requirements for related party ("insider") transactions. And many agencies have diverging definitions and reporting issues. This session will survey various rules, requirements, and reporting - including Schedule L (Form 990).

Learning Objectives:

• Recognize various related party reporting requirements in place today.
• Identify the reporting needed for Form 990, Schedule L and tips on completing the form.