A new tool will help organizations getting ready to complete Form 990, significantly revised in 2008, for the first time. The New Form 990 Preparation Checklist has tips that will help you file a correct, complete, and error-free return. Copies may be ordered from the IRS by mail or by calling 1-800-TAX-FORMS (toll-free) and requesting Publication 4740.
*The 11-page core form consists of identifying information, the Page 1 Summary (Part I), and the following additional parts:
Part II: Signature Block of officer and paid preparer
Part III: Statement of Program Service Accomplishments
Part IV: Checklist of Required Schedules
Part V: Statements Regarding Other IRS Filings and Tax Compliance
Part VI: Governance, Management and Financial Reporting
Part VII: Compensation of Officers, Directors, Trustees, Key Employees and Other Highest Compensated Employees or Independent Contractors
Parts VIII, IX and X: Statements of Revenues and Expenses, Balance Sheet
GuideStar’s FAQs Concerning Form 990
DISCLAIMER: This information is not intended to provide legal or accounting advice, or to address specific situations. Please consult with your legal or tax advisor to supplement and verify what you learn here.