IRS Considers Modifications to Form 990 - September 16, 2002 Vol. 3 No. 19

September 16, 2002 Vol. 3 No. 19:

Published: 09/16/2002

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IRS Considers Modifications to Form 990

The IRS is considering revising Form 990 to increase public accountability through better disclosure. IRS Announcement 2002-87, released September 4th, seeks public comment on a variety of proposed changes to reporting on fundraising, transactions between PACs and their nonprofit affiliates, corporate ties and conflicts of interest and grants to foreign organizations. The announcement also lists recent changes made to Form 990 in the areas of fundraising and the inclusion of section 527 organizations as 990 filers.

For a more detailed breakdown of the proposed changes, click here. Comments are due on January 28, 2003.