Dramatic IRS Shift for Nonprofits
Complex new forms focus less on finances, more on how groups operate and prevent corruption.
Donors and others can scrutinize the forms filed by nonprofits at several Web sites.
The new form is designed to improve accountability and transparency. This year, only the biggest nonprofits — those with at least $1 million in revenue or $2.5 million in assets — need use it. By 2011, all will.
The core form has grown from nine to 11 pages. It now has 16 possible schedules, up from two.
Related Content
Comments
