Correcting Common Form 990 Errors: Identifying Audit Triggers and Remedying Prior Year Filings
Penalty Abatements, Fixing Prohibited Transactions, Reconciling Related Organization Transaction Errors
Note: CLE credit is not offered on this program
A live 110-minute CPE video webinar with interactive Q&A
This course will provide advisers to nonprofit and exempt organizations with a practical guide to identifying, avoiding, and correcting the most common and complex errors in completing any form in the 990 series. The panel will focus on the mechanics of tax reporting, offer concrete examples of corrective entries for prior year errors, discuss recent IRS guidance on Form 990 filing deficiencies, and detail obtaining relief from IRS sanctions.
Outline
- Administrative or "housekeeping" errors that present audit risks for exempt organizations
- Recognizing substantive Form 990 errors
- Repairing errors in prior year filings
- Common errors specific to private foundations
Benefits
The panel will discuss these and other important topics:
- What errors on Form 990 filings are IRS audit triggers?
- What must tax advisers to exempt organizations be mindful of concerning related organizations in reviewing prior years' Form 990 returns?
- Requesting penalty abatements for incomplete or incorrect filings
- Remedying excess benefit transactions and prohibited transactions with interested persons
Faculty

Thomas Parisi, CPA, MST
Tax Manager
Withum Smith+Brown
Mr. Parisi is a Tax Manager providing review and compliance for Withum's Not-For-Profit &... | Read More
Mr. Parisi is a Tax Manager providing review and compliance for Withum's Not-For-Profit & Education and Labor Organizations & Multiemployer Benefits Plans industries with over 20 years of preparation, detail review and tax advisory services to Charitable, Educational, Private Foundations, Labor Organizations and Associated Benefit Funds, Political Organizations, Trade Associations, Social Welfare organizations. He has presented in-house teaching to staff on Form 990 and external (CalCPA) webinars for the Form 990-PF and Form 990-T. Mr. Parisi is CPA licensed in NY and VA and is a Member of the Not-For-Profit and Tax sections of the AICPA.
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Ester De Jesus Rivera
Tax Manager
Withum Smith+Brown
Ms. De Jesus Rivera is a Tax Manager at Withum Smith+Brown, PC.
| Read MoreMs. De Jesus Rivera is a Tax Manager at Withum Smith+Brown, PC.
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Early Discount (through 05/09/25)
CPE credit is not available on downloads.
CPE On-Demand