Dramatic IRS Shift for Nonprofits
Complex new forms focus less on finances, more on how groups operate and prevent corruption.
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"The form is going to prod organizations to do the right thing," said Eric Fraint, president of Your Part-Time Controller, a Cherry Hill firm that provides financial services to nonprofits.
Elizabeth F. Pilacik, chair of nonprofit and tax-exempt services for the accounting firm of Asher & Co. Ltd., made the same point at a seminar last week on the new 990, sponsored by LaSalle University's Nonprofit Center.
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Christopher K. Hepp
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