NOT2442. Transactions with Insiders (ONLINE ONLY)

Transactions with insiders and related parties can present significant risks for tax-exempt organizations. Considerations include Form 990 disclosure, excise tax exposure, fiduciary conduct implications and even loss of tax-exempt status. In this session we will address compliance and reporting considerations when engaging in transactions with board members and other disqualified persons.

Learning Objectives:

• Identify general considerations for transactions with insiders such as excess benefit transactions, self-dealing, and private benefit issues.
• Apply compliance practices including conflict of interest policies and related procedures.
• Determine Schedule L disclosure and other Form 990 reporting implications.