Drafts of the 2010 core Form 990 and Form 990-EZ are available for review and comment, and you have one more chance this year to attend an IRS Exempt Organizations workshop for small and mid-size charitable organizations.
Draft 2010 Core 990 and 990-EZ
The IRS posted a draft of the 2010 core Form 990 on its Web site on October 2, 2010, and a draft of the 2010 Form 990-EZ on October 6. The IRS emphasizes that the forms are drafts to which changes may be made and that each form must be approved by the Office of Management and Budget (OMB) before it is released officially.
Comments on the forms may be submitted to the IRS through the IRS Web site. Be sure to include the word "DRAFT" in your message. Comments are due 30 days after a draft was posted on the IRS site.
Last Workshops of 2010
This year's final workshops for small and mid-size 501(c)(3) organizations will be held in Phoenix, Arizona, December 7-9.
The workshops are designed for administrators and volunteers who are responsible for a 501(c)(3)'s tax compliance as well as for individuals interested in a nonprofit career. Each one-day session will cover the benefits and responsibilities of tax-exempt status; actions that can jeopardize an organization's exempt status; unrelated business income; employment issues; Form 990 series; and required disclosures, including those imposed by the Pension Protection Act of 2006. Pre-registration is required.
Suzanne E. Coffman, October 2010
© 2010, GuideStar USA, Inc.
Suzanne Coffman is GuideStar's editorial director and editor of the GuideStar Newsletter.