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Wednesday, August 06, 2008

IRS Round Up

News from the Internal Revenue Service's Exempt Organizations Division:

  1. 2008 Form 990 Instructions
    Public commenting on the new form's draft instructions closed in June and the IRS is getting ready to release the final version by August 15. You can click here to get a preview of what changes have been made the instructions.

  2. Political Activity
    A friendly reminder from the IRS about what is allowed and not allowed during this exciting political season. The top two links are probably the most useful, including the link to the handy StayExempt.org website.

  3. Form 990 Filing Phase-In
    Another reminder about the phase-in of filing the new form 990. The IRS came up with this as a way to mitigate the filing burden on smaller nonprofits. Click here to see what the schedule is. It is conceivable that organizations that filed a form 990 for 2007 may only have to file the (unchanged) form 990-EZ for 2008.
And now your reward for reading about the IRS updates. Kitties!

Posted by CAN at 3:31 PM

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