Share Your Ideas for Improving Nonprofit Tax Returns
By Lisa Chiu
Contributor
July 18, 2011 | Read Time: 1 minute
Independent Sector, a coalition of charities and foundations, is asking for ideas about how the Internal Revenue Service can improve the informational tax return for nonprofits, known as the Form 990.
People can submit ideas online, comment on other ideas, and vote for the best suggestion in the IS 990 Feedback Forum until July 25. The group is encouraging nonprofit employees who work in a wide arrange of areas—including those who focus on operations, finances, and legal issues—to submit ideas. Independent Sector will then use the comments in its recommendations to Congress and the Internal Revenue Service.
In June, the tax agency announced it was seeking public comments on the redesigned Form 990, which the IRS overhauled in 2008. The deadline for IRS comments is August 1.
