Significant Changes to Form 990 – Really/ The IRS issues this Now?
The IRS issues this now!! This return is due in May…..with extensions. Form 990 A list of significant changes to the Form 990 – Something every private, independent university should take a look at...
View ArticleReporting anonymous donors on Form 990, Schedule B
Reporting anonymous donors on Form 990, Schedule B According to widely circulated comments made by an IRS official in response to a question raised at the ABA Tax Section meeting (May 2012), an exempt...
View ArticleWritten Policy Required by IRS
Written policy for tax-exempt bonds required for the 2011 Form 990 (Fiscal Year 2012) – due by the FY2012 year end The IRS continues to focus on post-issuance compliance for tax-exempt bonds. The 2010...
View ArticleAICPA – How to Improve Form 990
AICPA Weighs in with Recommendations on how to improve the 990 Form. One of the recommendations, termed ‘high priority’ is to make it optional to report interests in the income, expenses, and assets...
View ArticleBoard can review Form 990 online
It’s OK to have the Board review the 990 on line In light of the common practice for boards to view various materials on a secure website, the 2011 instructions make clear that it is sufficient to...
View ArticleNew Extension Form for 990 Filing
New Extension Form for 990 Filing The draft Form 8868 (as of August 20, 2012) contains only minor changes from the prior version, including the addition of a code for Form 4720, Return of Certain...
View ArticleListen to Lois
Notes from the Director of Exempt Organizations, Lois Lerner at the Georgetown University Law School Conference. SSN’s are a No-NO “When you are preparing any version of a Form 990, please make sure...
View ArticleNew 2012 Form 990 Forms and instrns available
2012 tax year 990-series forms, schedules and instructions are available now on IRS.GOV – see the changes!! More to come on this in future editions of this Newsletter
View ArticleHome Internet Policy? And more policy info...
Need a sample of an Employee Home Internet Policy? – got one for ya! Just send me an email and I’ll get it to you. I also have the list of 15 recommended tax policies for every school to have …...
View ArticleLooking for the 2012 Forms 990?
Organizations requiring 2012 forms and instructions can find them on here http://www.irs.gov/Forms-&-Pubs or the webpage for the Current Form 990 Series at this link...
View Article
