On December 24 the IRS released the final versions of the 2008 Form 990, 990 EZ and the associated schedules and instructions. Perhaps not the most exciting Christmas present we could get from the IRS but the updated forms will still help 2009 be a very interesting year for nonprofit agencies.
The above link takes you to the new forms and instructions and also will guide you to the IRS’s own free trainings on the new 990’s as well as other compliance and governance issues. If you can’t make an in person training these are a great resource.
As a reminder, not everybody will have to start filing the updated form this year. Check here for the phased in filing schedule.
Check your last 990 or financial statements and see where you may fall for your 2008 form. But remember, just because you may get a pass this year does not mean that you still don’t have to get ready. See this post for the things you should still be thinking about.