Sunday, September 14, 2008

Form 990-EZ Form Now Amended

There have been some minor modifications made to the Form 990-EZ form. Essentially, some of the attachments to the new Form 990 have been incorporated into the 990-EZ as well.

It should be noted that there is a transition period for the use of the new Form 990; therefore, many organizations will be able to use the Form 990-EZ in 2009 (for 2008) and/or 2010.

If an organization has less than $25,000 in income, it needs to file the e-postcard, also referred to as Form 990-N. See the IRS Website for more information and filing.

Thursday, September 4, 2008

IRS Issues Final Instructions for Form 990

Instructions for the new and improved 990 have been issued by the IRS. Click here to see them. It is important that all exempt organizations that file a Form 990 know what is now expected by the IRS, as the form and the instructions have been completely revised.