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IRS Revised Form 990 Schedule K Webinar - November 16, 2009 at 2:30 p.m.

Event Date: 
Monday, November 16, 2009 - 2:30pm to 3:30pm

IRS Revised Form 990 Schedule K Webinar

Monday, November 16, 2009 2:30 PM - 3:30 PM EST

Click on this link to register:

Webinar Registration

Schedule K affects 501(c)(3) organizations with $100,000 outstanding tax-exempt bond debt issued after December 31, 2002.  In addition to general information about each bond issue, Schedule K requires detailed information about the use and reinvestment of bond proceeds, nonqualified use of bond-financed assets and arbitrage compliance.

Discussion Topics:

Post-Issuance Compliance and Recordkeeping

The IRS imposes recordkeeping requirements on borrowers to determine post-issuance compliance with a variety of tax rules.  We will discuss the recordkeeping requirements for borrowers of tax-exempt debt, including use of proceeds and bond financed facilities, spending and investments.

Form 990 and Schedule K

For non-profits with outstanding tax-exempt bonds, Schedule K is required to be completed for 2009.  We will review the form and the source documents needed to complete Schedule K.

Presented by:

Michela Daliana, Partner
Hawkins Delafield & Wood LLP

David Panico, Partner
Robinson & Cole LLP

Cynthia D. Peoples-H., Assistant Director
CHEFA (Moderator)