The Compensation Conundrum: Mastering Form 990 Part VII and Schedule J
Course Description:
The public facing compensation reporting on Form 990 draw a lot of interest- and a lot of questions. We present a comprehensive discussion providing historical and philosophical context as to the “why” this reporting is necessary. We break down whose compensation is reported, give guidance on categorizing compensation types, outline best practices, and more. We walk through an engaging case study showcasing particular challenges presented by a 501(c)(6) and related 501(c)(3) sharing staff. Finally, we discuss some of the nuanced scenarios we often see in practice and the reporting implications.
Learning Objectives:
Explain why Congress and the IRS require this information. Identify whose compensation is reported.
Categorize different types of compensation for Form 990.
Outline how to document executive compensation review and approval. Describe how Schedule J and Form 990 Part VII relate to one another.
The Compensation Conundrum: Mastering Form 990 Part VII and Schedule J (NASBA/CAE/CPE Course Credit Information)
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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