New form requests additional disclosures on pay, revenue for charities and trade associations The new 990 form issued by the Internal Revenue Service requests more information about employee compensation, revenue and the holdings and assets of public charities, trade associations and nonprofit organizations. The final draft and instructions, released August 19, caps more than a year-long effort by the tax authority to update the reporting forms used by nonprofit and charitable groups. It’s also the first time the form had any major revisions since 1979. “These instructions are the final step in a tremendous effort to bring the Form 990 up to date and to reflect the… Read More