Proposal comes as IRS takes closer look at nonprofit finances In an effort to allow greater scrutiny of the nonprofit sector, the White House has proposed requiring tax-exempt organizations to file their IRS Form 990s electronically so that data can be readily available to the public.The recommendation is tucked inside President Barack Obama's proposed 2014 budget. According to a budget summary from the White House, the current process for submitting 990s in static image formats "impedes transparency and analysis of this information." Instead, the administration wants those records to be filed electronically and for the Internal Revenue Service to maintain them in a… Read More