Independence Disclosure Challenges With Form 990
Navigating Reporting Rules for Directors, Transactions and Compensation Amid Intense IRS Scrutiny
Recording of a 110-minute CPE webinar with Q&A
This teleconference will focus on important and much-watched non-profit independence disclosures on Form 990 and its schedules, against a backdrop of heightened oversight by IRS auditors—and by donors, lenders and the marketplace.
Factors behind the push for stronger independence by non-profits
- Role played by federal auditors
Where Form 990 requires reporting of independence
- Part VI on governance, management and disclosures
- Part VII on compensation of officers, directors and key employees
Schedule L changes for 2012 tax year
- New reporting of relationship between disqualified person and filing organization
- Reporting purpose of loan between interested person and filing organization
- Reporting purpose of grants and other assistance to interested persons
Schedule R changes for 2012 tax year
- Revised instructions clarify VEBA reporting
- Named beneficiaries and determinable interests
- Additional examples of "indirect control"
Meaningful developments in state law
- Influential California law on non-profit director independence
- Proposed revisions to New York non-profit law to improve director independence
- Practical current scenarios involving reporting of independence on Form 990
The panel will explore important topics such as:
- Why is independence of non-profit leadership and business relationships such a high-profile topic right now?
- Which questions on Parts VI and VII of the main Form 990, and on Schedules L and R, are most closely watched by IRS auditors?
- Where is the line drawn between proper compliance and disclosure of too much information involving directors and transactions?
- How do evolving and tougher state laws on charity independence influence Form 990 disclosures?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
She is assigned to the firm's Not-for-Profit Services Group and works frequently with clients' filings of Form 990 and... | Read More
She is assigned to the firm's Not-for-Profit Services Group and works frequently with clients' filings of Form 990 and employee benefit plan statements, and on their financial statement audits. She is a frequent speaker and serves on the New York State Society of CPAs' Not-for-Profit Organizations Committee.Close
Green Hasson Janks
He has nearly 30 years of experience in providing tax services to non-profit clients, ranging from colleges and... | Read More
He has nearly 30 years of experience in providing tax services to non-profit clients, ranging from colleges and universities to hospitals. He works on a wide range of issues including Form 990 reporting, tax exemptions and unrelated business income tax.Close
Tax Shareholder, Non-Profit Services Group
Burr Pilger Mayer
He has more than 20 years of experience providing tax and business consulting services to exempt organizations. His... | Read More
He has more than 20 years of experience providing tax and business consulting services to exempt organizations. His clients range from colleges to trade associations, and he previously led an international accounting firm's West region exempt organization tax practice and worked for the IRS Exempt Organizations Branch.Close