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CMLawLibraryBlog

The CM Law Library Blog seeks to inform the Cleveland-Marshall College of Law community about key legal education, research, practice, and law library news, with a particular focus on Cuyahoga County and Ohio as well as faculty research interests.

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Draft Redesigned IRS Form 990 Released

Marie Rehmar, Head of Reference Services, marie.rehmar@law.csuohio.edu | June 15, 2007 - 07:26

The IRS has released the draft of the redesigned Form 990, Return of Organizations Exempt from Income Tax.

According to the June 15, 2007 Chronicle of Higher Education news article "Draft Version of Revised Tax Form for Nonprofit Groups Includes Questions About Governance and Pay," by Grant Williams, there hasn't been such a significant redesign of the form since 1979. According to the IRS site, the three guiding principles in the redesign were "Enhancing transparency, promoting tax compliance, and minimizing burden on the filing organization." Comments may be made until September 14, 2007. For information and the redesigned form, schedules, and instructions see: http://www.irs.gov/charities/article/0,,id=171216,00.html


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