Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Form 990 and Unrelated Business Income

March 26th, 2019 · No Comments · Form 990, unrelated business income

On Wednesday, May 15, 2019, I will be presenting a national teleconference, “Form 990 and Unrelated Business Income” for Lorman Education Services: 1:00 PM – 2:30 PM EST.  This teleconference will cover the following topics:

Form 990 Procedural Matters

●Determining Which Form to File
●Due Dates and Automatic Extension

Parts of Form 990
●Overview of Parts of Form 990
●Types of Income, Exempt Function Versus Grants and Special Events
●Schedule of Contributors (Sched. B);Non-Cash Contributions (Schedule M)
●Reporting of Compensation
●Governance and Management Policies

Selected Schedules to Form 990
●Public Charity Status and Public Support – Schedule A
●Transactions With Interested Persons – Schedule L
●Related Organizations – Schedule R
●Unrelated Business Income
●Criterial for Taxation and Fragmentation Rule
●Exceptions, Modifications and Exceptions to Exceptions
●Advertising and Sponsorship
●Form 990T
●Planning Considerations

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