AICPA Comments on Form 990 | Planned Giving Design Center

AICPA Comments on Form 990 | Planned Giving Design Center: "In response to Announcement 2011-36 The American Institute of Certified Public Accountants (AICPA) has commented on transitional issues and frequently asked questions involving the redesigned Form 990, Return of Organization Exempt from Income Tax. Of particular interest to charitable gift planners is AICPA's comment regarding the IRS' concern for protecting the identity of donors to split interest trusts by allowing organizations to exclude the names and addresses of contributors listed on Schedule B from the public inspection copy of the Form 990. The AICPA stated it 'believes that requiring disclosure of the name, address and EIN of certain trusts, including charitable remainder trusts, in Schedule R, Part IV would violate this privacy concept.'"