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The IRS has just completed the first substantial redesign of the Form 990, the annual information return nonprofits must file with the IRS, since the form was introduced in 1979. The revised form significantly changes the reporting requirements for many nonprofit organizations. Now, the IRS wants to know in more detail how your organization sets executive compensation and how much it is paying its executives; how it handles potential conflicts of interest; and whether it has a record retention policy, independent directors and a whistleblower policy. And there is more. This seminar is designed to walk you through all the new requirements so you will be prepared when you have to file the revised form. You will hear from attorneys and a CPA including individuals who served on a taxpayer advisory group that provided feedback to the IRS while it was redesigning the form. To register for this free event, send an email to registerchicago@dlapiper.com.

This seminar will look at the legal differences between an employee and a volunteer and offer information to help nonprofits clarify the volunteer relationship. The seminar will discuss the legal issues involved in compensating a volunteer or reimbursing the volunteer’s expenses—including whether such payments are subject to tax, how the nonprofit can avoid inadvertent problems under the wage and hour laws, and whether a volunteer can claim a tax deduction in connection with volunteering. It will also examine when a nonprofit can be held liable for a volunteer’s actions, when a nonprofit may be liable to the volunteer, and ways to mitigate that liability.