Getting Familiar With the New Form 990
(May 5, 2009) Perlman & Perlman LLP, attorneys specializing in nonprofit law, have developed for AFP members a brief describing the new IRS Form 990, its new reporting requirements and tips on completing the form.
The law firm advises that new reporting requirements may impact how tax-exempt organizations track and disclose many of their activities. Beyond just a change in format, the revised Form 990 shows the IRS’s increased focus on the activities of nonprofits, rather than just their financial disclosures as in the past.
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Perlman & Perlman LLP, based in New York City, specializes in working with the philanthropic community, among other areas of legal practice at the local, state and federal level. Perlman & Perlman is AFP’s outside legal counsel. You can find the firm online at www.perlmanandperlman.com.