New Form 990 |
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The IRS released a revised version of the 2008 Form 990 for returns in 2009. The new form consists of 11 pages and 11 parts/sections that all filers must complete. Supplementing this core form are 16 schedules that must be completed by organizations that engage in the activities covered by specific schedules. Recordkeeping for many organizations will need to be significantly expanded or modified to capture the data required by these revised forms. Below are resources for you to prepare for these changes. Click on the Learn More button below to view the recorded presentation.
Any tax advice included in this communication is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer.
More Information
Clifton Gunderson's presentation given on October 8, 2008 covered legislative background, reasons for the redesign, an overview of the changes including core and new required changes, corporate governance policies as well as best practices. Click on the Learn More button above to view the recorded presentation.
