We see that javascript is disabled or not supported by your browser - javascript is needed for important actions on the site. Read more

What's New - Home - Login

Member $avings: $81,574,297.59 | Books Available: 794,881 | Members Online: 233

Swap Used Books - Buy New Books at Great Prices!

How To Swap Books Sign Up Search submenu

PBS Market (New Books)

Gift Buying Guide

Book Browser Advanced Search Books Posted Today Member Book Reviews Award Winning Books NYT Best Sellers Amazon Best Sellers Most Traveled Copies Club Wish List

Discussion Forums Book Lists

Club Lists My Book Lists My Watched Lists Create a List

Blog Donations

School Donation Program In Memory of... Military Donation Program Friends of PBS

Box-O-Books Maps The Eclectic Pen Fun Stuff

20 Questions Sudoku Bookmark Creator

Top 100

Requests Posts Swappers Referrers Reviewers

Pulse of PBS Spread The Word

Invite Friends Bookmarks Facebook Page Facebook App More Ways...

Photo Gallery Recipes Club Tag Cloud Member Testimonials

Help Center submenu

How To Swap Books Browse Help Docs Ask the Librarian PBS Member Icons Live Help

Kiosk

PBS Market (New Books) Go Shopping Buy Credits Buy PBS Money Upgrade Membership Gift Certificates Transfer Credits

Need Help?

Search - Guide to the Newest IRS Form 990: Interpreting and Complying With the New Tax Reporting Requirements for Transparency and Accountability

Guide to the Newest IRS Form 990 Interpreting and Complying With the New Tax Reporting Requirements for Transparency and Accountability
Author: Charles F. Tate, CPA, Deborah G. Kosnett, Douglas A. Boedeker, Subrina L. Wood, Frederick U. Longwood, MST

The Newest Form 990 Tax Return Could Change Your Organization. Are You Ready? Chances are, you do not personally prepare your organization's annual tax return. But you most certainly do manage, influence, or assume accountability for the policies and practices the IRS wants to know about. And whether you do or do not prepare the return... more », you need this guide. Here s why. The latest Form 990, revised and effective for tax years 2008 and beyond, incorporates the most substantive changes to the exempt organization information return in 30 years. The IRS is requiring more reporting related to governance, compensation, and other areas than ever before. Hence, your organization's Form 990 will present a very public face, shaped in no small part by decisions and operating protocols for which you and other leaders in your organization are responsible. In short, the revised return reflects the government's increased focus on organizational transparency and accountability. And the IRS has made it clear that public closure of Form 990 is one of the agency's primary enforcement tools. Those are some pretty good reasons to give your attention to the 990 and more importantly, to the policies, procedures, and practices that inform the required disclosures. Consider the following:

The IRS wants to know how many of your voting board members are not independent, a term it defines through a three-part test, because in the agency's view, an independent governing body is a component of a well-run tax-exempt organization.

For reporting purposes, the definition of key employee has been significantly expanded, meaning your organization may need to disclose the compensation of far more employees than it has before.

Clearly, the newest 990 has implications for the public face and operation of your organization. Understanding what the newest 990 means will help you and your board make informed decisions. That's where this guide comes in. Guide to the Newest 990, developed by CPAs from the respected accounting firm Tate and Tryon, takes aim at the changes most relevant to associations and similar organizations, and it goes beyond instruction, to the meaning. You get practical interpretation and insight that you won t find in the IRS preparation instructions. This guide digs into understanding, interpreting, and working with the 990.

ISBN-13: 9780880343053
ISBN-10: 0880343052
Publication Date: 4/14/2009
Pages: 168
Rating:

0 stars, based on 0 rating

Publisher: ASAE & The Center for Association Leadership
Book Type: Paperback
Members Wishing: 0
Reviews: Amazon | Write a Review

Back to the Top ↑

Search - Guide to the Newest IRS Form 990: Interpreting and Complying With the New Tax Reporting Requirements for Transparency and Accountability

Loading...