IRS Announces Further Changes

to Form 990 for Fiscal Year 2009

By Mitchell L. Kalkhof, CPA, CFE

Malin, Bergquist & Company, LLP

In an attempt to modify or clarify some of the reporting requirements for non-profit organizations, the Internal Revenue Service recently announced a series of changes that have been incorporated into the 2009 Form 990, schedules, and instructions.

While not as sweeping as last year’s changes, non-profit organizations should closely review these new changes with their preparers and understand their impact to future Form 990 filings.

Some of the key areas that have been modified include governance, management, disclosure, and compensation.

The IRS has produced a table summarizing these significant changes to the Form 990, schedules, and instructions for 2009. This table is available on the IRS website at:www.irs.gov/charities/article/0,,id=218938,00.html

Mitchell L. Kalkhof, CPE, CFE is a member of the Not-for-Profit/Tax Exempt Organizations Group of the public accounting firm of Malin Bergquist, of Erie and Pittsburgh, PA, and which serves 150 non-profit clients each year. Contact him at 814.454.4008 or at mkalkhof@malinbergquist.com.