New IRS Form 990 Changes the Landscape for Public Disclosure by Exempt Organizations

Summer 2008

Public charities and many other nonprofit organizations will face a substantially revised IRS Form 990 when they file their returns for tax years that begin in 2008. The attached EO Special Report from the Exempt Organizations Group at Patterson Belknap provides a broad overview of the new Form 990, with a focus on the way its expanded disclosure requirements may affect nonprofit governance, particularly the adoption and use of key organizational policies and procedures.

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