You probably know by now that in December 2007 the IRS released a final draft of a completely revised Form 990.  The new form is to be filed for the 2008 tax year, with some smaller organizations allowed to defer filing to later years if they meet certain requirements. Even though your organization may not need to file this form for many more months, you should be aware of what needs to be done now so that you are prepared when the time comes.Click on Full Article to read more.

By Rosalie W. Miller, CPA

Parent, McLaughlin & Nangle