How to Account for Foreign Transactions on IRS Form 990

How to Account for Foreign Transactions on IRS Form 990

By: Fred Longwood

Need help figuring out how to account for foreign transactions you’ve made in the last year? Certified Public Accountant Fred Longwood explains some of the intricacies of filling out and filing Form 990, Schedule F.

As our world continues to become smaller, one inevitable outcome is that we will see more transactions with foreign entities and individuals—an area of vital interest to associations holding meetings or tradeshows or doing business outside the United States. ...