2006 Exempt Organizations Conference

Venue: NY Marriott Marquis

Location: New York CIty, New York, United States

Event Date/Time: Dec 05, 2006 End Date/Time: Dec 05, 2006
Report as Spam


Update on NPO Tax Issues
Jody Blazek, CPA, Partner, Blazek & Vetterling LLP

Ms. Blazek will discuss IRS initiatives and examinations, evolution of Form 990, and tax legislation and rulings, highlighting issues and new developments to consider as one works with exempt organizations in the coming year.

10:05 a.m.

10:15 a.m.
A View from the States
Seth Perlman, Esq., Senior Partner, Perlman and Perlman

As regulations and initiatives are implemented and discussed in various states, it can be frustrating to grasp the various and changing requirements. Join Seth Perlman as he discusses the history of state regulation; the latest initiatives and requirements being instituted by the states; and areas of particular concern to state regulators, involving the financial statements and Form 990.

11:15 a.m.
Room Change

11:25 a.m.
Concurrent Sessions: Choose one and indicate your choice on the registration form.
1. Private Foundations in 2006
M. Antoinette Thomas, Esq., Partner, Carter Ledyard & Milburn LLP

Ms. Thomas will update participants on current issues for private foundations, including recent legislation (the Pension Protection Act of 2006), private letter rulings, and cases of interest.

2. What’s Happening to Form 990?
D. Greg Goller, CPA, Partner, Grant Thornton LLP

Mr. Goller will discuss the changes to the 2005 Form 990, and IRS expectations for changes in 2006 and beyond.

12:35 p.m.

1:35 p.m.
Concurrent Sessions: Choose one and indicate your choice on the registration form.
3. Intermediate Sanctions Update
Thomas K. Hyatt, Esq., Partner, Ober|Kaler, Attorneys at Law

Mr. Hyatt will discuss recent developments in IRS intermediate sanctions for tax-exempt organizations. He will review such topics as the recent 5th Circuit decision in the Sta-Home Home Health Agency case and its implications for all charities; Form 990 reporting issues; executive compensation concerns; IRS enforcement initiatives; and how to avoid automatic excess benefit transactions.

4. Tax Consequences of Investment Alternatives
Edward J. Jennings, JD, CPA, Tax Manager, University of Michigan

Participation in certain investment vehicles by an organization may generate unrelated business income (UBI) or trigger additional filing requirements. Ed Jennings will discuss UBI concerns and proactive steps to take to manage the potential tax liabilities that organizations may face as a result of these investments. Also, he will address the filing requirements for certain foreign investments as well as reportable transactions, including related excise taxes.

2:45 p.m.

2:55 p.m.
Concurrent Sessions: Choose one and indicate your choice on the registration form.
5. Exempt Organization Lobbying
Terry Miller, Consultant

Public policy activity sometimes is lobbying and sometimes is not. Sometimes it is even prohibited “electioneering communications.” The definitions and reporting requirements vary depending on the type and filing status of the NPO in question. This session will provide an overview of the rules for support of advocacy across types of exempt organization, from private foundations and types of public charities, to 501(c)(4), (5), and (6) organizations.

6. Donor-Advised Funds, Supporting Organizations, Private Foundations
David Shevlin, Esq., Senior Counsel, Simpson Thatcher & Bartlett LLP

Mr. Shevlin will discuss the various structures that can be used for charitable giving and when each alternative is best particularly in light of the changes implemented by the Pension Protection Act of 2006.

4:00 p.m.
Room Change

4:10 p.m.
Concurrent Sessions: Choose one and indicate your choice on the registration form.
7. Executive Compensation Issues: What You Need to Do and Know in Today’s Environment
David G. Samuels, Esq., LLM, Partner, Duval & Stachenfeld, LLP

Mr. Samuels will discuss various issues concerning executive compensation and will update attendees on best guidance for compliance.

8. Unrelated Business Income: More Than the Basics
Frederick H. Rothman, CPA, JD, LLM (Taxation), Director of Tax Services, Loeb & Troper

Mr. Rothman will discuss revenue that may be excluded from unrelated business income as well as common types of unrelated business income, focusing on the planning opportunities available as well as traps for the unwary.

Intermediate Sanctions Update
Executive Compensation Issues


1535 Broadway, at 45th Street
New York
United States

Additional Information

Course Level: Update Prerequisite: Knowledge of not-for-profit organizations Method of Presentation: Lecture and question-and-answer session. Field of Study: Specialized Knowledge and Applications Recommended CPE Credit Hours: 8 Developer: Foundation for Accounting Education Course Code: 25507711 Member Fee: $350 Nonmember Fee: $450