Updated Form 990 Update

So word from the Independent Sector Conference in Los Angeles last month is that the IRS has listened to some of the requests for changes that you, me and others made.

Two changes I am happiest about are that the summary ratios will be dropped from the front page and that the program service explanations will be moved to the front. The above link will also take you to a PDF of the speech that Steve Miller, Commissioner of the Tax-Exempt and Governmental Entities Division of the IRS made.

They are still set to roll it out for fiscal years ending 12-31-08 and we should get final word about what is happening by the end of the year.