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:
I. Tax Compliance Principles
A. Mission and organization documents
B. Governance and management policies
C. Transparency and accountability
II. Governance and Management Policies
A. Consistent operation of chapters, branches, and affiliates
B. Conflict of interest policy
C. Whistleblower policy
D. Document retention and destruction policy
E. Compensation policy
F. Reimbursement policy for business, travel, and entertainment expenses
G. Policy on participation in joint ventures
H. Financial information review policy
I. Policy on disclosure
III. Nonprofit best practices
A. Policies not requested or required by the IRS
B. Sarbanes-Oxley Law
President, Louis E Michelson, A Professional Corporation
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.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
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.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
156 Ratings
MS
Feb 21st, 2024
Instructor knowledge and course handout material were both effective in this presentation on Form 990
AH
Jun 5th, 2023
This webinar was well-presented. The technology (video and polling questions) ran smoothly.
AM
Apr 26th, 2024
Another wonderful course! Detailed, comprehensive, relevant and CURRENT. Thank you!
TS
Feb 2nd, 2024
Great thorough explanation of the 1040 with added information on tax law changes
DS
Nov 21st, 2023
Content was very useful in term of understanding Form 990 policy requirements
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