Changes to 2008 IRS Form 990 and Instructions
The Internal Revenue Service recently released a redesigned 2008 Form 990, as well as related instructions for organizations exempt from income taxation pursuant to Internal Revenue Code Section 501(c). The recently revised 2008 Form 990 includes significant changes in both form and substance. This revision reflects the IRS’s view that the Form 990 has served increasingly as both a means of regulation, as well as a means of providing public information. This memorandum summarizes certain of these changes.