MYCPE ONE

Non-Profit Governance and Form 990 1 Credit 1 Credit

Nov 22, 2024, 04:00 PM EDT

Non-Profit Governance and Form 990 1 Credit 1 Credit

  • Rating

    4.4

  • Published on

    January, 1970

  • Subject Area

    Taxes

Learning mode

Live Webinar
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  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
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Nov 22, 2024, 04:00 PM EDT

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AI Review Summary

Generated by AI based on all course reviews

Learning Objectives

  • To identify tax compliance principles and recognize the usefulness of a mission statement.
  • To discuss the 9 governance and management policies included in Form 990.
  • To recognize a policy for the consistent operation of chapters, branches, & affiliates, and the elements of a conflict of interest policy.
  • To recognize how to implement a whistleblower policy and recognize when a compensation policy is required.
  • To discuss rationales for a document retention and destruction policy under federal excise tax laws.
  • To identify reasons for policy on participation in joint ventures, and approaches to a financial information review policy.

Course Overview

Unveil the tax compliance principles outlined by the IRS, leading to specific disclosures on Form 990.

This webinar’s focus is on the relationship between non-profit governance and Form 990. It introduces the tax compliance principles that the IRS has articulated. These principles prompted changes that are incorporated into specific disclosures on Form 990.  9 governance policies are identified in Form 990. Each of these governance policies is individually reviewed and examined. These policies include a policy for the consistent operation of chapters, branches, and affiliates, a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy.

In this course we will also cover compensation policy, a reimbursement policy for business, travel, and entertainment expenses; a policy on participation in joint ventures, a financial information review policy, and a policy on disclosure. There is also a discussion of nonprofit best practices, which are not requested nor required by the IRS.

This Online CE Tax webinar will discuss non-profit governance and Form 990 including:

  1. Tax Compliance Principles: Mission and organization documents; Governance and management policies; Transparency and accountability. 
  2. Governance and Management Policies: Consistent operation of chapters, branches, and affiliates; Conflict of interest policy; Whistleblower policy; Document retention and destruction policy; Compensation policy; Reimbursement policy for business, travel, and entertainment expenses; Policy on participation in joint ventures; Financial information review policy; and Policy on disclosure. 
  3. Nonprofit best practices: Policies not requested or required by the IRS; and Sarbanes-Oxley Law.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01254) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01254) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01543-23-O) 1 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC, in accordance with the standards set forth in Circular 230 section 10.6, grants Continuing Education (CE) credits based on a 50-minute hour. MY-CPE LLC is approved by the California Tax Education Council (CTEC) (Provider Number – 6273) to offer continuing education courses that count towards the annual continuing education requirement for CTEC Registered Tax Preparers. Additional information regarding registration as a tax preparer can be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free at (877) 850-2832, or by visiting www.ctec.org.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

About Instructor

Stay Ahead with Expert CE Courses by Louis Michelson

Louis Michelson | CPA (US)

President, Louis E Michelson, A Professional Corporation

  • 4.4
  • rating
  • rating
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Louis E. Michelson specializes in income tax planning, charitable giving, and taxation for individuals, corporations, and nonprofits. He advises charities, foundations, and other organizations on formation, governance, joint ventures, and planned giving. With strong experience in business and estate tax planning, Louis has earned leadership roles in prominent bar associations and is trusted for his expertise.


Educated at the University of Chicago, DePaul University, and UCLA School of Law, he is admitted to practice before the U.S. Tax Court and U.S. District Court. Louis lectures on nonprofit tax issues and actively participates in legal publications and professional organizations.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars accepted by NASBA and other Professional Organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are accepted for compliance and reporting purposes with NASBA, IRS, CFP Board, HRCI, SHRM (for PDCs), Payroll Org, FP Canada, and 25+ other professional organizations.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (51%)

Very Good (37%)

Average (12%)

Poor

Terrible

SV

Sidharth Vinod, AIF

5

I recently completed the course on nonprofit governance, and I wanted to share my overall experience. The course was incredibly informative and covered a wide range of essential topics, including conflict-of-interest policies, whistleblower policies, and joint ventures. These areas are crucial for ensuring transparency, accountability, and the effective operation of a nonprofit organization. The detailed explanations on the IRS principles of transparency and accountability were particularly helpful. They provided clear guidance on maintaining compliance and public trust, which is vital for any nonprofit. Overall, the course has equipped me with a comprehensive understanding of key governance issues that nonprofits face. I feel much more confident in my ability to navigate these challenges and implement best practices within my organization. Thank you for creating such a valuable and insightful course!

SN

Surya Nandamuri, EA

5

MyCPE is the best learning portal which I can rely in getting latests updates and keep my skillset matches for my growth also the goal of learning hours.

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Non-Profit Governance and Form 990

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