Don Farmer's Tax-Exempt & International Forms

Overview

This intermediate-level course provides a focused review of federal reporting requirements for tax-exempt organizations and selected international information returns. Participants will examine key compliance components of Form 990, including governance disclosures and unrelated business income considerations, as well as commonly encountered international reporting forms such as Forms 5471, 8865, and 8938. The course emphasizes reporting mechanics, disclosure requirements, penalty exposure, and common filing errors. Practical examples highlight areas of heightened IRS scrutiny and documentation considerations.

Highlights

• Overview of tax-exempt and international information reporting framework • Form 990 reporting fundamentals o Core form structure and required schedules o Governance and compensation disclosures • Unrelated business income (UBI) reporting considerations • Overview of selected international information returns o Form 5471 (controlled foreign corporations) o Form 8865 (foreign partnerships) o Form 8938 (specified foreign financial assets) • Filing thresholds, disclosure requirements, and penalty considerations • Common compliance risks and IRS examination focus areas

Designed For

Tax Professionals

Objectives

Gain industry-specific insights to better advise clients in sectors most affected by recent regulatory changes.