Concurrent Session Onsite and Online
NOT2336. Show me the Money: Form 990 Comp Reporting
This session will discuss mapping a W-2 and looking at how the W-2 connects to Schedule J, fringe benefits and compensation. Are fringe benefits taxable vs. nontaxable? What is an Accountable Plan. 4960?
Learning Objectives:
- Determine the available legal guidance regarding the payment of reasonable compensation by a nonprofit to its insiders
- Distinguish the Internal Revenue Service’s current efforts to audit/examine nonprofits to ensure the payment of reasonable compensation to a nonprofit’s insiders
- Determine how insider compensation is reported on the Form 990 /Form 990-PF
Date/Time
–
CPE Credits
1.5
NASBA Field of Study
TAX
Level
Intermediate
Prerequisites
3-5 Years in the Profession
Advanced Preparation
None
