Date: October 17th , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

Strong governance is essential to the integrity and long-term success of tax-exempt nonprofit organizations. As regulatory scrutiny intensifies, especially with the introduction of OBBBA reforms, nonprofit directors must deepen their understanding of fiduciary duties and compliance obligations.

This Continuing Education course explores the evolving governance landscape, with a focus on the practical impact of OBBBA on key areas such as self-dealing, executive compensation, and IRS compliance. Participants will learn how to navigate these changes, implement governance best practices, and strengthen organizational transparency.

Through real-world examples and actionable strategies, this session will equip nonprofit leaders and advisors with the tools needed to manage conflicts of interest, oversee compensation appropriately, and ensure accurate and compliant Form 990 reporting.

Key Topics Covered:

• Fiduciary duties and responsibilities of nonprofit directors.
• Governance risks related to self-dealing and executive compensation.
• Compliance strategies for tax-exempt organizations.
• Best practices for managing conflicts of interest.
• Strengthening Form 990 disclosures and reporting integrity.

Learning Objective

• Explain the fiduciary duties and responsibilities of nonprofit directors.
• Identify best practices for preventing and managing self-dealing transactions.
• Evaluate executive compensation practices within public charities for compliance and fairness.
• Assess the tax consequences associated with excess compensation and intermediate sanctions.
• Interpret governance and management policies as reported on IRS Form 990.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Update
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Louis E. Michelson, A Professional Corporation brings deep expertise in income tax planning, charitable giving, and nonprofit taxation. He provides strategic counsel to individuals, corporations, and tax-exempt organizations, advising on entity formation, governance, joint ventures, and planned giving strategies.With extensive experience in business and estate tax planning, Louis is a trusted advisor to foundations, charities, and nonprofit boards. His leadership in prominent bar associations reflects his respected standing in the legal and tax communities.