IRS Guidelines for Good Governance for 501(c)(3) Organizations

Benefits

This live audio conference will help you understand why Congress, the Internal Revenue Service and others insist that Section 501(c)(3) entities implement the best practices in corporate governance. Michael Fine will discuss effective governance policies and procedures. He will help you understand how the redesigned Form 990's questions implicate important governance principles. The program will describe the IRS guidelines for good governance and explain how your organization can take steps now to ensure compliance and to avoid scrutiny.

The IRS, the press and others have linked the need for good governance to the quest for improved tax compliance. Much is made of the governance disclosure questions on the redesigned Form 990, the annual tax return for tax-exempt organizations. Given continued legislative scrutiny over whether tax exemption is a worthy subsidy, proper governance and accountability are key factors that distinguish the tax-exempt sector from the taxable sector.

Agenda

 Spotlight on Tax-Exempt Organizations 

• Congressional Scrutiny and Reform Initiatives
• IRS Scrutiny and Reform Initiatives
• Attorneys General Scrutiny and Reform Initiatives
• Exempt Organization Sector Reform Initiatives
• Media Scrutiny

   IRS Governance Guidelines for Tax-Exempt Organizations 

• IRS Historical Guidelines and the Life Cycle Documents
• IRS Speeches on Governance
• IRS Governance Training Materials

   Governance and the Form 990 

• Part VI of the Form – Governance, Management and Disclosure
• Other Parts and Schedules With Governance Implications
• IRS's Frequently Asked Questions on Governance
• EO Workplan for Fiscal Year 2011
• IRS Strategic Plan, Fiscal Years 2009 to 2013

   Recent Events 

• Tax-Exempts in the Press
• The Impact of Health Care Reform and Dodd-Frank
• IRS Guide Sheet and Check Sheet