Preparing the New Redefined Form 990 For Nonprofit Organizations

The object of this book is to educate both new and experienced preparers to deal with the numerous changes relating to the filing of the 2008 Form 990 series of tax returns. While the old 990 had just two schedules to complete, the new form has 16 schedules.

This book offers a practical, hands-on approach to completing the new challenging form.

Major Topics:

Changes in filing requirements for Form 990 and

990EZ phased in thresholds

Electronic filing requirements

New: Preparation of the new required summary

of the organization's mission, activities, and

current and prior years' financial results

Revised: Statement of program service accomplishments

- reporting of new, ongoing, and discontinued

achievements and their related revenue and expenses

New: Statements regarding other IRS filings and

tax compliance

New: Governance, management, and disclosure-

information regarding governing body and its

management, policies, and disclosure

Revised: Compensation schedules for offices,

directors, and key employees