This course walks through the steps necessary to fill out and file the Internal Revenue Service (IRS) Form 990, Return of Organization Exempt from Income Tax. This is one of the most important documents a Not-for-Profit (NFP) organization is required to send to the IRS because it helps it maintain its tax exempt status with respect to contributions it receives.

Most organizations are required to file an informational return and make it available for public inspection.  The Form 990 contains sections that explain how well the organization is utilizing its resources for its mission which allows the public and watchdog groups to scrutinize the entity’s activities.

This course goes over the basic steps an accountant who is completing the Form 990 informational forms must perform in order to do so accurately and completely.  There is also be a discussion regarding how to avoid common mistakes when filling out the form 990.