Executive Compensation for Tax Exempt Organizations: New 4960 Regs, Covered Employees, Donated Services, Aggregation
Navigating IRC Rules and Regulations in Structuring Compensation for Nonprofits
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide ERISA counsel and advisers an in-depth analysis of the executive compensation rules and challenges for tax exempt organizations. The panel will discuss key provisions of new IRS proposed regulations for Section 4960, determining covered employees, aggregation rules, and issues stemming from donated services. The panel will also discuss structuring restricted stock awards, drafting grant agreements, analyzing substantial risk of forfeiture under IRC Section 83, handling 83(b) elections, and more.
- Executive compensation options for nonprofits
- Section 4960; recent regulations and applicability
- Applicability of Section 83 and 83(b) elections
- Integration of other tax provisions
- Best practices and practical considerations, practice pointers, and drafting tips for counsel
The panel will review these and other key issues:
- What are the key provisions of new IRS regulations for Section 4960?
- What are the critical factors in determining "covered employees" for purposes of Section 4960?
- How do the aggregation rules apply?
- What issues arise from donated services?
- What are the crucial implications of Section 83?
- What issues arise in regards to Section 83(b) election and the latest guidance from the IRS?
- How is restricted stock treated under other relevant provisions of the Code?
- What are the practical considerations, practice pointers, and drafting tips for counsel?
Jake R. Downing
Mr. Downing is experienced in counseling clients on qualified and nonqualified retirement and welfare plan matters... | Read More
Mr. Downing is experienced in counseling clients on qualified and nonqualified retirement and welfare plan matters regarding plan design and administration, fiduciary responsibility, claims procedures, disclosure requirements, and general ERISA compliance. He has assisted clients in drafting benefit plans and amendments including defined contribution plans, defined benefit plans, executive employment agreements, equity incentive plans, and health and welfare plans. Mr. Downing has conducted compliance audits on behalf of clients in order to proactively assess any potential liabilities, and he has experience representing clients before the IRS and U.S. Department of Labor.Close
Christopher N. Moran
Mr. Moran focuses primarily on tax planning and nonprofit law. Chris assists clients with planning significant... | Read More
Mr. Moran focuses primarily on tax planning and nonprofit law. Chris assists clients with planning significant charitable gifts and setting up new charitable entities. He also supports public charities, private foundations, educational institutions, healthcare organizations, and trade and professional associations on a broad array of tax and corporate issues.Close