What You Need To Know About The New IRS Form 990 And Its Impact On Your Association
Last year, the IRS released the first major redesign of the Form 990 for tax-exempt organizations since 1979. This may effect your organization significantly. For example, previously, organizations with annual gross receipts $25,000 or less were not required to file an annual return. However, the IRS now requires these organizations to submit an annual electronic notice to the IRS. Failure to do this may risk having the organization's tax-exempt status revoked. In this Webinar, presented on 3/3/08, ASHP's General Counsel, Fern Zappala, reviewed what the IRS is looking for from the tax exempt community. Learn how your organization can comply with these requirements which will be used for this year (the 2008 taxable year) for filings made in 2009. Additionally, included below are the PowerPoint for Fern's webinar presentation, a checklist on what Board's need to be prepared to file the new IRS Form 990, a sample conflict of interest policy, a sample record retention policy, a model whistleblower policy, and a sample financial policies and procedures manual.