Monday, December 24, 2007

Good News Regarding the New 990 Form

Well, okay, maybe the new 990 form itself hasn't addressed all of the concerns and comments that museums and other nonprofits have posted to the IRS, but the good news this year is that the IRS has announced that it will be phasing in the new form over the course of three years starting in 2008. That gives the nonprofit world a little extra time to adjust to the reporting requirements of the new form. Merry Christmas, IRS.

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