Now that IRS has finalized the form and instructions, 501(c) organizations must implement systems to comply with new disclosures. With all the public comment periods completed and the final changes worked into the new IRS Form 990 and its companion instructions, the nonprofit community is now developing a range of resources to help organizations deal with the revamped disclosure document. The IRS released the final instructions Aug. 19, ending a more than year-long effort to update the nearly 30-year-old tax document. The redesigned form, which will be phased in over a three-year period, consists of a required 11-page, 11-part core form, including 16 schedules that may… Read More