Form 990 Redesign for Tax Year 2008 (Filed in 2009): Purpose of Form 990 Redesign |
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Why did the IRS redesign the form?
Form 990 has not been significantly revised since 1979, and it is universally regarded as needing major revision. It has failed to keep pace with changes in the law and with the increasing size, diversity, and complexity of the tax-exempt sector. As a result, the current form fails to meet the Service’s tax compliance interests and the transparency and accountability needs of the states, the general public, and local communities served by the organization.
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Page Last Reviewed or Updated: January 07, 2009