NOT2311. Tax Dimensions for Nonprofit Revenue (Part VIII)

Reporting the revenue of a tax exempt organization on Part VIII is a complexed and nuanced evaluation that goes beyond natural categories. Part VIII provides valuable information to the IRS regarding related or program activities, taxable income and charitable solicitations. We will dig into this Part of Form 990 and affected schedules, discuss common questions, issues and misconceptions including reporting government grants, dues vs. contributions, special events and gaming and the dreaded "other" revenue.

Learning Objectives:

• Distinguish classification of various revenue types, between related purpose, excluded from UBI, and UBI
• Determine which types of revenue are reportable in which places on the 990 return
• Identify various reportable revenue types for tax reporting