Form 990 Redesign for Tax Year 2008 (Filed in 2009): Taxpayer Burden |
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Is the new form more burdensome than the 2007 form?
Organizations with complicated compensation arrangements, related entity structures, and activities that raise compliance concerns can expect to see an increase in the time and effort required to complete the form. This increase could be significant in some cases. However, the new form may not increase burden for many smaller organizations. The new 2008 Form is more user-friendly and streamlined, and the instructions contain several new tools to help filers complete the form more easily; for instance, a glossary of key terms, the Checklist of Required Schedules, a compensation table, a sequencing list with a recommended order for completing the form, appendices designed to assist different types of filers, and more examples and illustrations to help clarify how to answer various questions.
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Page Last Reviewed or Updated: January 07, 2009