February 13, 2023


Webinar


2.5 Total CPE Credits

product-artwork-1226148

Reporting Managers & Their Compensation: Form 990 Part VII-A

Learning Objectives

After attending this presentation you will be able to...

  • Readily identify the three classes of legally or quasi-legally in-charge managers who are required to be disclosed on the filing for the tax year being reported upon
  • Recognize the "reportable compensation" thresholds by which employees fall into consideration as either Key Employees or High 5s (as well as "former" TDOKEs)
  • Distinguish the mandatory three versus all the other nontaxable remunerative benefits that are reported as "other compensation" paid or incurred to current and former TDOKEs and High 5s
  • Apply the $10,000 'per type' reporting exception for certain items of "other compensation" and understand that this exception does not apply when reporting on Schedule J

Major Topics

The major topics that will be covered in this class include:

  • Definitions behind the three classes of legally or quasi-legally in-charge managers who are required to be disclosed as current managers relative to each Form 990's tax year
  • Identifying what makes someone a "High 5"
  • Drilling into the reportable compensation thresholds by which employees fall into consideration as either "current" Key Employees or High 5s, as well as the relevant compensation thresholds for status as a "former" TDOKE
  • Explanation of the two "buckets" of disclosable compensation - reportable and other - that are required to be reported as having been provided to all current and former managers (and High 5s) disclosed on Part VII-A
  • The two "$10,000" exceptions on Part VII-A that void the need to disclose a related organizations' reporting (based on amounts) of "reportable compensation"; and excepting certain types of "other compensation"

CPE Credits Available

2.5
Total CPE
2.5
Taxes

Things to Know About This Course

Course Level

  • Basic

Prerequisites

None

Advanced Preparation

None

Intended Audience

Public accounting tax and audit staff, nonprofit organization's Treasurers, CFOs, and other finance/compliance advisors

Provider

CPA Crossings

Register For This Event

  • ASCPA Member

    $ 89 89
    Join
  • ASCPA Non-Member

    $ 139 139
    Your Price

Please login to register.