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2022 AICPA & CIMA Not-for-Profit Industry Conference

NOT2231 - Form 990 Compensation Reporting

Jun 14, 2022 1:05pm ‐ Jun 14, 2022 2:20pm


One of the most salacious parts of the Form 990 is the compensation reporting on Parts VII and Schedule J. While the reporting rules were designed for transparency, no compensation structure is alike and there are many nuances to reporting wages and benefits on these forms. Additionally, excess compensation and parachute payment rules have added layers of complexity to the data reported in these sections. In this course, we'll dive into Part VII and Schedule J, and discuss the reporting rules relating to who is reported and when. We'll dive into the volunteer exception, management company reporting rules, and retirement benefit reporting.

Learning Objectives:
  • Examine who is required to be reported on Part VII and Schedule J and how their compensation is reported on the return, touching on certain exceptions and outsourced management structures
  • Review the most commonly used deferred compensation plans and how and how these benefits are reported on the Form 991
  • Understand the reporting of compensation and parachute payments related to excess compensation taxes and reporting under IRC Section 4960


Tags: TAX
Category: Concurrent Session Onsite and Online

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