WebCPA | Redesign for Form 990 on the Way

WebCPA | Redesign for Form 990 on the Way: "Redesign for Form 990 on the Way

Washington (May 7, 2007) - The Internal Revenue Service is preparing to redesign its Form 990, “Return of Organization Exempt From Income Tax,” according to published reports.
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The forms must be filed by nonprofit organizations as a way to allow donors to see how a charity handles donations, as well as a way for the government to ensure that the organization deserves its tax-exempt status. An estimated 400,000 nonprofits filed the form last year."