and its Advisors Need to Know
CD of Teleconference with Q&A
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and Sales & Use Tax Monitor
The IRS recently performed its first major overhaul of Form 990, the annual public statement that non-profits must file, since 1979, in the name of improved transparency and compliance.
This means exempt organizations and advisors face new burdens: produce several new schedules that report financials, executive compensation and non-cash contributions; answer pointed IRS questions about internal controls; and take greater care listing expenses in functional categories.
Preparing to file the first new Form 990 will require a major commitment of time and resources from non-profits and their tax advisors. While the first Form 990 isn't due until 2009 for tax year 2008, advance work to become familiar with IRS expectations is critical.
Listen as our panel of authoritative tax advisors gives you the briefing you need to answer the questions posed in, and produce the statements and schedules required by, the new Form 990 appropriately, completely and efficiently.
The panel included:
Celia Roady, Tax Partner, Morgan Lewis, Washington, D.C. Her practice focuses on tax and governance issues for tax-exempt organizations. She is a fellow with the American College of Tax Counsel and former Chair of the ABA Exempt Organizations Committee.
Greg Goller, National Partner-in-Charge, Not-for-Profit Tax Services Practice, Grant Thornton, Alexandria, Va.
Suzanne Ross McDowell, Partner, Steptoe & Johnson, Washington, D.C. As a member of her firm's Business Solutions Group, she focuses on tax and governance issues for tax-exempt organizations. She previously was in charge of legislative and regulatory issues for exempt organizations at the Treasury Department.
Ralph DeJong, Partner, McDermott Will & Emery, Chicago. He works in the firm's Health Law and Employee Benefits Departments and concentrates on tax-exempt organizations. He speaks frequently on executive compensation and other employee benefits issues.
The panel explains and prepares you to react to these and other key issues:
- Understanding the new information required from the core form, and which of 14 associated schedules you will have to complete.
- Preparing to reveal governance information such as independent board members, delegation of managerial duties and conflict of interest policies.
- Determining which individuals must have their compensation reported.
- Reporting sensitive information such as excess benefit transactions and loans and grants involving staff or interested people.
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TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.
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