Preparing the New Redefined Form 990 For Nonprofit Organizations - Paperback

by Stuart P. Sobel (Author)

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