The new 990 instructions issued by IRS in April are just the start. Because when you file the new form, it won’t be “for IRS eyes only.

State attorney generals and charity officials are waiting to pore over your records, checking for discrepancies and potential violations. Even opponents and the media will have access to your 990 information about everything from lobbying activities to governance and executive compensation.

How can you make sure the new 990 doesn’t cost you an IRS audit, huge fine, or loss of tax-exempt status? Order the CD/Transcript for the audioconference, The New Form 990: New Disclosure Rules, New Format, New Substance.  

Using the IRS’ April 7^th draft instructions as a starting point, Jeffrey Tenenbaum and three other top Form 990 experts will explain exactly how the form has changed — schedules, new features, and more — and how to prepare to track the information you’ll need to file the revised form in 2009. 

The IRS is accepting public comments until June 1, so the audioconference gives you plenty of time to use your new insights on the draft instructions (including a 24-page glossary and eight appendices) to have a hand in shaping what’s required.

Order today and your entire team can listen in for today’s most complete guidance on the new Form 990, including:

1. Which of the 16 new schedules apply to your organization
2. How to report compensation information for different classes of employees – and when Schedule J is required
3. How to comply with disclosure and governance for senior employees’ compensation
4. What other information must be disclosed about governance and lobbying activities for 527 and non-501(c)(3) organizations
5. How disclosure varies for IRS and lobbying law – and how to stay in compliance with both
6. How new disclosure rules affect local chapters or associated organizations
7. How to comply with new Schedule F international activity disclosure
8. How to use IRS guidelines to avoid reporting requirement pitfalls
9. How – and where – to use a gap analysis to align your policies with new IRS transparency and accountability goals
10. How to adapt existing compliance practices for how the form and fields have changed
11. What key information you must start collecting now
12. How to avoid common (but costly) mistakes in filling out the new form
13. How to use the new 990 to benefit your organization

Get the CD/Transcript today to understand exactly what the IRS expects so you can collect, disclose and file all the right 990 information.

Meet Your Training Team

From the Association Practice Group of Venable, LLC:

Jeffrey Tenenbaum- Named the American Bar Association’s Outstanding Nonprofit Lawyer of 2006, Jeffrey Tenenbaum is one of America’s leading experts on association and nonprofit law.  As a partner with Venable, he counsels more than 300 trade, professional, and other nonprofit groups and regularly represents clients before Congress, federal and state regulatory agencies, and in connection with governmental investigations, enforcement actions, and other proceedings.  

Patricia McDermott- Partner, focuses on a wide variety of employee benefits issues, including retirement plans, executive compensation, fringe benefits and payroll taxes. She previously served as legislation counsel on the Joint Committee on Taxation and worked in the office of the IRS Chief Counsel.

Thora Johnson- Partner, advises clients on the establishment and operation of tax-exempt organizations, including private foundations, public charities, trade associations and title holding companies.

George Constantine- Partner, has extensive experience with all of the major legal issues affecting associations, including contracts, tax, antitrust, intellectual property, political activity, and employment law matters.  He served previously as staff counsel for the American Society of Association Executives.

Who Will Benefit
This audioconference recording offers essential guidance for anyone involved with nonprofit governance, accounting, lobbying, and compliance, including executives, lobbyists, Board members, legal counsel, accountants, office managers and other personnel in:

• Trade and professional associations
• Accounting firms whose clients include non-profit organizations
• Charities
• Political organizations falling under Section 527 of the Internal Revenue Code