IRS Provides New Tips for Filing Redesigned Form 990

The Internal Revenue Service has released the second in a series of filing tips to help nonprofit organizations prepare their Form 990 informational tax return, the primary document that groups file each year.

The second batch of tips explains how to report executive compensation on both the “core form” filed by all organizations and the Schedule J on compensation information that some organizations must also submit.

The IRS redesigned the Form 990 for the 2008 tax year, making the most-significant changes to the form in nearly 30 years.