The new form 990: taking a closer look.
The revised Form 990 will allow the IRS to better assess the risk presented by not-for-profit organizations. The forms will also allow for increased transparency and accountability. Ultimately, the information collected on Form 990 may influence important tax policy changes. Healthcare organizations should keep the varied purposes of the form in mind when making resource allocations and other decisions involving tax compliance.
Speizman
Richard A
RA
Exempt Organization Tax Group, KPMG LLP, Washington, DC, USA. rspeizma@kpmg.com
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