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NYU-SCPS Seminar on Redesigned IRS Form 990

Event at NYU, on Thursday, May 7, 2009

The Internal Revenue Service has redesigned Form 990 (“Return of Organization Exempt From Income Tax”)—filed by tax-exempt, section 501(c) (3) organizations—to reflect significant changes that have taken place in the tax-exempt sector over the last 30 years.  Notable new requirements include increased transparency through revised reporting of compensation to directors, officers, trustees, key employees, and independent contractors; reporting with respect to governance and management policies; more detailed financial disclosures; and major changes to the “public support test.”

The new form is mandatory for reporting in 2009. Organizations and their preparers need to understand fully how the changes affect their record-keeping and reporting processes, and should assess whether their internal systems need to be modified to reflect the new reporting requirements.

 

WHAT:  “The New IRS Form 990: Tips and Traps for 2009 Compliance and Reporting,” a half-day seminar on the redesigned IRS Form 990, with presentations by a not-for-profit accounting expert and the IRS official who led the redesign effort.  Event is co-hosted by the Accounting, Taxation, and Legal Programs, NYU-SCPS Division of Programs in Business and the NYU-SCPS George H. Heyman, Jr. Center for Philanthropy and Fundraising.
 
WHO:

Laurence Scot, senior partner, Skody Scot & Company, CPAs; adjunct faculty, NYU-SCPS Division of Programs in Business; CPA with 20-years experience serving non-for-profit entities

Stephen Clarke, tax law specialist, Internal Revenue Service, Washington, D.C.; IRS Project Manager for the Form 990 redesign

Naomi Levine, executive director, NYU-SCPS Heyman, Jr. Center for Philanthropy and Fundraising, will provide welcoming remarks.
 
WHEN: Thursday, May 7, 2009, 8:30 am – 1:00 pm
 
WHERE:  NYU-SCPS Woolworth Building, 15 Barclay Street, 4th Floor, New York City
(Between Broadway and Church Streets, near City Hall in downtown Manhattan)
 
REGISTER: Seminar fee is $25 and pre-registration is required. Visit www.scps.nyu.edu/irsform990 or email scps.atl@nyu.edu for information and to register.
 

MEDIA ONLY: Reporters are welcome to cover this event. To get credentials or arrange interviews with the presenters, please contact Cheryl Guevara at cheryl.guevara@nyu.edu or 212 992-9103


 

 

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NYU-SCPS PR Office Contacts

Ken Brown
212.998.9119
ken.brown@nyu.edu

Cheryl Guevara
212.992.9103
cheryl.guevara@nyu.edu

Christopher James
212.998.6876
christopher.james@nyu.edu