Advent Talk

Issues & Concerns Category => 3ABN => Topic started by: Snoopy on September 03, 2008, 03:09:52 PM

Title: Revised Form 990 Effective for 2008 Tax Year
Post by: Snoopy on September 03, 2008, 03:09:52 PM

The IRS has just released the redesigned Form 990.  Looks like the non-profit Boards will have a new challenge!!

http://www.ecfa.org/PDF/Newsletters/FOCUS_3Q_2008.pdf

http://www.irs.gov/charities/article/0,,id=185561,00.html

Title: Re: Revised Form 990 Effective for 2008 Tax Year
Post by: Gailon Arthur Joy on September 04, 2008, 07:10:39 PM

It is a good start towards full disclosure, transparency and good governance. 3ABN will have to suffer the shock of compliance with these new rules but maybe the new CFO will make the transition a bit easier.

But, keep in mind, Grassley si not done yet and I would suspect many of these ideas will be the rule of Law even for church entities. Speaking of accountability!!!

Gailon Arthur Joy