The New Form 990 - Lessons Learned From the 2009 Filing Season

Date: Thursday, February 4, 2010
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Mary Griffin, Sr. Policy Advisor NCBA and Bill Miller, CPA with Bolinger, Segars, Gilbert & Moss LLP
Learning Objectives:
To provide an overview of the New Form 990 and to discuss the pitfalls encountered during the 2009 tax season for years ended December 31, 2008.
Field of Study: Taxes
Program Level: Basic/Intermediate
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.

Course Description

This course will (1) provide an overview of the purpose of Form 990 and the reasons for the first major overhaul to Form 990 in 30 years, (2) discuss common problems and questions encountered during the preparation of the New Form 990 for tax years ending on or after December 31, 2008, (3) provide a list of mandatory and suggested disclosures to Schedule O, and (4) discuss responsibilities of individuals involved in the preparation and approval for Form 990.

Presenter and Moderator Bios
Mary Griffin is Senior Policy Advisor for National Cooperative Business Association. She manages the Cooperative Finance and Tax Council (CF&TC), which identifies and addresses finance, tax and legal issues that have cross-sector impact on cooperatives. She advocates before the US and international financial accounting standards boards for standards that address the cooperative form of business and is helping to coordinate the international cooperative response to the move to global accounting standards.

Griffin also advocates on behalf of cooperatives before Congress and works to secure more funds for cooperative development in the US. Prior to coming to NCBA, Griffin was with Consumers Union, publisher of Consumer Reports, where she represented the interests of consumers on various financial services issues. She has also worked as a legal aid attorney and an appellate attorney in the Solicitor’s Office at Department of Labor. Griffin received her law degree from Temple University and her LLM from George Washington University.


Bill Miller, CPA is a tax partner at the accounting firm of Bolinger, Segars, Gilbert and Moss in Lubbock, Texas. He began his career with the firm in 1992 and holds an accounting degree from the University of Texas.

Bill is in charge of the firm’s utility tax practice, which provides tax and consulting services to the firm’s audit clients with an emphasis on the firm’s exempt and non-exempt electric, telephone and agricultural cooperatives and related subsidiary companies.

His responsibilities include tax return preparation, tax planning, entity selection and organizational structure, and compliance with cooperative principles. With respect to the firm’s Form 990 practice, Bill is responsible for setting policy and procedures and overseeing the preparation of Form 990 for approximately 120 tax-exempt organizations, including exempt utility cooperatives, trade associations and charities.

Bill and his wife Kim, along with their three year old daughter and newborn son, reside in Lubbock, Texas.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.