May 4, 2009
Attorneys in Polsinelli Shughart PC’s nonprofit organizations group recently published a book entitled, “The New Form 990 – Law, Policy and Preparation.” The redesigned IRS Form 990 is the most significant development impacting tax-exempt organizations in the last 40 years. The Form 990 is no longer just a simple information return. It is a comprehensive self-audit, including significant disclosure of executive compensation, related party transactions, transactions with interested persons, noncash contributions, and more than 20 governance policies and procedures. Polsinelli Shughart PC nonprofit organizations group members Bruce R. Hopkins, Douglas A. Anning, Virginia C. Gross, and Thomas J. Schenkelberg co-authored the new book, which is an all-inclusive resource for understanding and completing the revised Form 990.