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New Leasing standard and Form 990

  • 1.  New Leasing standard and Form 990

    Bronze Most Valuable Member
    Posted 05-08-2024 08:17 PM

    Since the adoption of ASC 842 – New Leasing Standard, and there are now large capitalized operating leases treated as ROU assets and ROU liabilities, is there any different treatment for Form 990?

     

     

    Ellyn A. Sosin, CPA
    Sosin & Kriegel, LLP
    3000 Marcus Avenue - Suite 2E4
    Lake Success, NY 11042
    email  ESosin@SosinKriegel.com

    office 516.570.4600 ext 221

    cell 516.361.0311
    fax # 516.352.5216

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