Compliance Alert Form 990 Now Requires Governance, Management and Disclosure Information

more+
less-

In May 2009, IRS Form 990, which is required to be filed by all not-for-profit (NFP) organizations was changed. IRS Form 990 now includes Part VI which addresses “Governance, Management and Disclosure.” While no provision of the IRS Code gives the IRS oversight over NFP governance, the IRS is convinced that good corporate governance is a keystone in ensuring that an organization lives up to its mission and tax-exempt status. In comments made at Georgetown University on June 23, 2009, Sarah Hall Ingram, the then former IRS Commissioner for Tax Exempt and Government Services, said...

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ruskin Moscou Faltischek | Attorney Advertising

Written by:

more+
less-

Ruskin Moscou Faltischek on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×