This message is sent to you by AccountingNewswatch Executive Compensation Issues for Nonprofit OrganizationsDate: Friday, March 23, 2018 |
Sponsored by Lorman Education Services |
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Protect your nonprofit by gaining a better understanding of the potential threats in executive compensation packages in light of recent legislation.With the recent passage of H.R. 1 'Tax Cuts and Jobs Act', it is essential that not-for-profits review their internal procedures and documentation in order to comply and avoid substantial penalties enacted by this legislation. The IRS and state attorney generals have increasingly questioned the compensation packages of many tax-exempt entities in light of their special tax status. Are these organizations using public assets in the best possible way to fulfill the charitable missions? This topic helps you understand the basic concepts and to establish policies and procedures to identify the applicable individuals subject to these rules and regulations. The topic also explains the method required for analyzing key components inherit in a compensation study to create a 'rebuttable presumption of reasonableness'. Failing to have a proper compensation study under the safe harbor rules under Section 4958 of the Internal Revenue Code will subject to organization and applicable individuals substantial penalties. It has often led to loss of goodwill among donors and constituents as well as increased scrutiny from IRS and state officials. Learning Objectives:
This Live Webinar Covers These Hot Issues: Intermediate Sanctions Overview
How to Protect Your Executives and Board Members From Personal Liability
Form 990 Disclosures, Criteria and Case Studies
Credit Information (Sponsored by Lorman Education Services)
For Detailed Credit Information page click here Instructor Profile: Joe Giso, CPA, MST, Johnson O'Connor Feron & Carucci LLP
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(Not available outside the US) |