Private Foundations and Form 990-PF

Why Should You Attend:

Non profits having tax-exempt status do not pay federal taxes, but they have to file an information form with the IRS called 990. This is because by filing the 990 makes sure that nonprofits conduct their business which is consistent with their public responsibilities.

The IRS Form 990 is a valuable information gathering tool for the IRS to confirm organizations are meeting their nonprofit requirements. It's also important to donors and rating agencies in assessing and reporting the health of organizations. This IRS Form 990 webinar will discuss the complexities of filling Form 990, the common mistakes and how to de-risk in preparing the Form 990 by identifying red flags and best practices of return preparation.

Areas Covered in the Webinar:

• How to Correctly complete the core Form 990
• Deep Understanding of the more complex elements of the Form
• Learn the basic elements of the most often used Form 990 schedules
• Beyond the numbers: sections of the Form 990 to consider in telling the organization’s story
• Best practices in Form 990 presentation and common pitfalls
• How the organization’s Form 990 is used by reporting agencies: What does the IRS focus on
• Updates on areas of focus by the IRS and how these are disclosed on the Form 990
• What all required governance/insider compensation rules to satisfy for your organization’s exempt status
• Learn about all the resources available to exempt organizations
• Understand how to mitigate risk in preparing the Form 990 by identifying certain reporting and analytical red flags
• Understand the process of creating a new public charity, including the tax exemption process from a federal perspective

Who Will Benefit:

• Private foundation compliance officers
• CPAs
• Enrolled Agents
• Tax Return preparers
• Tax Attorneys
• Financial advisors who work with tax-exempt organizations
• Staff or seniors in public practice who are new to nonprofit issues
• Managers, senior managers, directors or partners in public practice

Tracy Paglia, CPA
Tax partner, Moss Adams LLP

Tracy Paglia, CPA, is a tax partner with Moss Adams LLP. She has over 21 years of public accounting experience identifying and meeting the tax and consulting needs of Not-for-Profit and exempt Healthcare clients, their for-profit affiliates and donors. Her expertise includes areas such as attaining, maintaining and termination of tax exempt status, planning for and reporting unrelated business income, preparing and analyzing the Form 990, state registration and filing requirements, intermediate sanctions, compensation issues, forming and operation in joint ventures and for-profit subsidiaries, and charitable planning options for donors.

Tracy is a highly-rated national speaker on tax exempt issues. Her teaching and speaking experience includes sessions for the National Association of College and University Business Officers, the American Institute of CPAs, Council on Foundations, LeadingAge and American Society of Association Executives.

Tracy is based in Stockton, California and is an associate member of the AICPA's Technical Resource Panel. Tracy has a bachelor degree in accounting from the University of Idaho, is a member of the American Institute of CPAs and the California State CPA Society, and holds CPA licenses in Oregon and California.

Form 990 - An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990, Return of Organization Exempt from Income Tax, or Form 990-EZ, Short Form Return of Organization Exempt from Income Tax.
https://www.irs.gov/charities-non-profits/form-990-series-which-forms-do-exempt-organizations-file-filing-phase-in

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