September 21, 2007
Small groups — those with $25,000 or less in annual revenue — now have a place to turn as they seek help complying with a new federal paperwork rule.
Starting in 2008, such groups will be required to file the new IRS Form 990-N informational return. The form asks basic questions and does not require the detailed responses that bigger groups must provide.
The Internal Revenue Service has posted an online question-and-answer page that helps organizations comply with the new rule.
Previously, small organizations had not been required to file any type of informational return with the IRS.
