Non-Profit Governance and Form 990 1 Credit
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Nov 22, 2024 | 04:00 PM ET
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:
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Mr. Michelson received his B.A. Degree, with general honors from the University of Chicago, his M.S. in Accountancy from DePaul University and his J.D. degree from UCLA School of Law. He has been admitted to practice with the U.S. Tax Court and the United States District Court, Central District of California.
Mr. Michelson is Past Chair of the Nonprofit Organizations Committee of the Business Law Section of the California Lawyers Association. He has served as Chair of the Tax-Exempt Organizations Committee of the Taxation Section of the State Bar of California, as Co-Chair of the Nonprofit Organizations Committee of the Business Law Section of the State Bar of California and as Chair of the Taxation Section of the Los Angeles County Bar Association. In May 2001 he participated in the Los Angeles County/California State Bar delegation to the Internal Revenue Service, Treasury and staff of the Congressional tax committees in Washington D.C. to discuss proposed guidance, as set forth in a co-authored paper, “Getting Connected: Business and Politics of Charities on the Internet.” Together with other attorneys, he assisted in reviewing and suggesting revisions to portions of the California Attorney General’s Guide to Charities. Mr. Michelson is a lecturer at UCLA Extension on tax issues for nonprofit organizations. He is also Adjunct Professor at David Nazarian College of Business and Economics California State University Northridge for a class on income taxation of trusts and estates. He has lectured for business and professional organizations and written articles on various federal and California tax topics. He is a member of the American, California, and Los Angeles County Bar Associations.
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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.
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Instructor knowledge and course handout material were both effective in this presentation on Form 990
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