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Thursday, August 07, 2008

990-EZ Update

Thanks to GuideStar for this bit of news. Yesterday I mentioned the 990-EZ and said that is was unchanged. Not so, at least officially. It does not look like the form itself will change but the IRS proposes to allow filers of the 990-EZ to file six of the new schedules developed for the updated 990:
  1. Schedule A, Public Charity Status and Public Support
  2. Schedule C, Political Campaign and Lobbying Activities
  3. Schedule E, Schools
  4. Schedule G, Supplemental Information Regarding Fundraising or Gaming Activities
  5. Schedule L, Transactions with Interested Persons
  6. Schedule N, Liquidation, Termination, Dissolution, or Significant Disposition of Assets
Details on these schedules can be found here.

Got comments about these changes? Here are the details:
Send written comments on or before September 8, 2008, to:

R. Joseph Durbala
Internal Revenue Service, Room 6129
1111 Constitution Avenue, NW
Washington, DC 20224

All comments will become part of the public record and will be
summarized or included in the IRS request for OMB approval of the
changes to the 990-EZ.

Posted by CAN at 1:01 PM

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