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Webinar (CA): Tax-Exempt Organization and Form 990 Basics


If you’re preparing Form 990, look beyond the numbers. Learn the importance of questions asked and the required information provided on the core form and the schedules. Also, examine Form 990 including the core form and Schedules A-G and I-R. Gain an understanding of the impact of the unrelated business income tax (UBIT) upon different revenue streams. Featured topics include tax-exemption; intermediate sanctions; direct and grassroots lobbying and the “expenditure test”; public support; “quid pro quo” payments; the “commerciality,” and UBIT. Learn the implications of the CARES Act and American Rescue Plan. Plus, briefly review federal and state UBIT and charitable filing requirements. Also, discuss certain provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 and both temporary and final guidance, including Treasury Regulations, to date. Finally, learn new e-filing requirements, as well as, a new requirement for the IRS to notify organizations in danger of automatic revocation of their tax exemption.

Learning Objectives

• Understand how federal tax-exempt status is obtained and the significance of tax-exemption
• Understand the significance of Form 990, Return of Organization Exempt From Income Tax Core Form and Schedules, including both general and specific suggestions and interpretation of the Form and Instruction • Understand what direct lobbying, grassroots lobbying and the expenditure test are and how to complete Schedule C, Political Campaign and Lobbying Activities
• Identify why public support is important and how to correctly complete Schedule A, Public Support
• Recognize the significance of core form compensation questions and disclosures; Schedules J, Compensation Information, and L, Transactions with Interested Persons; and the significance of “intermediate sanctions” including the safe harbor
• Identify what constitutes a “complete” filing of Form 990
• Discuss the significance of governance and policies addressed on Form 990
• Understand the concepts of related, excluded and unrelated income, as well as the implications, including special rules for certain types of entities
• Understand the implications of TCJA and regulations, thereunder, on unrelated business income revenue streams and unrelated business taxable income of tax-exempt organizations
• Learn the implications of the CARES Act and American Rescue Plan on tax-exempt organizations

Major Topics

• Tax-exemption and the many types of tax-exempt organizations
• Private foundation versus public charity
• Form 990, Form 990-EZ and Form 990-N
• Intermediate sanctions, private inurement and private benefit • Unrelated business income tax, including final and temporary Treasury Regulations
• CARES Act and American Rescue Plan, applicable provisions

California CPA Education Foundation
Course Level
CPE Field of Study
Who Should Attend

CPAs and tax professionals.

Richard Ruvelson Rychele Works


Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Event Information
Oct 19, 2021
9:00 am - 12:10 pm MDT
Total CPE Credits


$ (% off)


$ (% off)
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Webinar (CA): Tax-Exempt Organization and Form 990 Basics

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