Relevant tax tips and updates for small business owners and individuals.
Sunday, August 1, 2010
990 Forms are Open to Public Inspection
The revised 990/990EZ forms for TE orgs are about 50% more tedious. Contributions $5000+ (in aggregate) and fundraising events which gross $5000+ must be separately reported. The form will be made available for everyone with an internet connection to review (guidestar.org) so it could reflect poorly on the organization if this form is sloppy or not accurate.