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New IRS Form 990 Focus on Nonprofit Governance: Is Your Board Ready? (Audio CD Package) |
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| CET08NIFC |
| Michael E. Malamut, Ronald J. Schultz, Jeffrey P. Altman, Laura Ann Gabrysch, Sean P. Scally |
| October 1, 2008 |
| 87 minutes |
| 1.50 |
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| Business Law Section, ABA Center for CLE |
| Business Law, Government Law, Taxation |
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| $150.00 (Regular) |
| $135.00 (ABA Member) ABA Members, Log in now to receive this discount! |
| $125.00 (Business Law Section) ABA Members, Log in now to receive this discount! |
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Click here to listen to a preview of this program (MP3 Audio)
In light of the Enron debacle and parallel scandals in the nonprofit world, the IRS is putting nonprofit governance under the microscope. Using its ability to "regulate through disclosure", the IRS has added a new Governance Section to the publically available Form 990 annual tax return applicable to most tax-exempt organizations. Returns for most large exempt organizations whose tax years end after December 31, 2008, will need to disclose numerous governance practices. After full phase-in by December 31, 2010, most exempt organizations with income over $200,000 will be covered. Are your clients ready? Are the boards you serve on ready?
Topics include:- Executive Compensation Policy, does ours pass muster?
- Document Retention, Whistleblower and Conflict of Interest Policies, are ours in order?
- Joint Venture Policy, what's that?
- Gift Acceptance Policy, do we need one?
- Chapter Relations Policies - a special issue for associations
- Audit Committee, does ours meet the IRS definition?
- Independent Board member, who qualifies?
- Minutes, is there a right way to report and approve?
- Governing document changes, narrative description required
- What do we need to do to answer "yes"?
- Strategies on Board pre-filing review of the Form 990
- What do we do if we're not ready?
- Implementation review, the next step: How do we get ready?
This audio CD package includes 2 audio CDs and printed course materials.
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