The Form 990 has been redesigned effective for 2008 tax years (returns filed beginning in 2009). The new form consists of an 11-page, 11-part core form that is required to be completed by all organizations that file the form 990.
The IRS has provided several documents that have described the process in producing the new form.
The IRS discusses and summarizes the significant changes in The Background Paper Forms 990
Moving From the Old to the New dated August 19, 2008.
The Background Paper also outlines the transition relief available for smaller organizations for 2008 and 2009 tax years, which allows many smaller organizations to file Form 990-EZ rather than the new Form 990 for such years, and summarizes the new reporting requirements for small organizations required to file Form 990-N.
For more information see the IRS’ publication.
In an effort to help our clients and other tax-exempt orgs understand the changes, RCO has designed a free seminar, offered on October 24th, October 30th and November 7th. Please check our website and register for the date that is convenient for you.
Come join us as we learn about the new changes and reporting requirements.
Categories: Gov't/United Way Agencies, Private Schools and Universities, Public/Private Foundations, Tax ComplianceTags: Form 990, Technical Training

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