June 3, 1999 | Read Time: 1 minute
Completing Your IRS Form 990: A Guide for Tax-Exempt Organizations
By Andrew S. Lang and Michael Sorrells
In light of a new federal disclosure law that takes effect this month, it becomes more important than ever that charities fill out their informational tax returns accurately and completely, write the authors.
The law requires non-profit groups to send within 30 days copies of their most recent returns to anyone who requests them. Previously, charities were required only to provide copies to people asking for the documents in person.
Mr. Lang and Mr. Sorrells, accountants in Bethesda, Md., explain how to make sense of all nine parts of the Internal Revenue Service Form 990, from the statement of revenue to the information regarding taxable subsidiaries.
They analyze each section of the return in detail, explain what is required line by line, and interpret and expand on the instructions given by the revenue service.
The book does not examine the return required from private foundations, the Form 990-PF, nor does it delve into Schedule A, which requires charities to disclose compensation information about officers who earn more than $100,000. Appendixes provide a sample completed Form 990, codes for unrelated business activity and exclusions, a copy of the form requesting an extension for filing, a checklist of schedules, and the general instructions for Forms 990 that the I.R.S. provides.
Publisher: American Society of Association Executives, 1575 I Street, N.W., Washington 20005; (202) 626-2854; fax (202) 371-2805; World-Wide Web http://shop.asaenet.org/asaebooks/default.asp; 136 pages; $32 for A.S.A.E. members, $38.40 for non-members; I.S.B.N. 0-88034-145-9.
