IRS answers questions about new Form 990

One of the big changes 2008 brought to nonprofits was the revised Form 990. Numerous articles have been published that explain how to report compensation, which policies the Internal Revenue Service is interested in and who needs to file which version of the Form.

The IRS web site now includes a frequently asked questions section, updated in December, that addresses any questions you have before filing your next 990. Click here for the IRS’ “Form 990 Redesign for Tax Year 2008 (Filed in 2009) Frequently Asked Questions”.