IRS Issues Final Form 990 Rules
September 9, 2011
The IRS has published final regulations that generally adopt the 2008 proposed and temporary regulations related to implementation of the redesigned Form 990. The final rules make permanent the revised threshold amounts for reporting compensation, eliminate the advance ruling process for new organizations, and implement a five-year public support computation period.
Most of the provisions in the final regulations have been in effect since the 2008 overhaul of the Form 990. The rules, however, include a few new and modified rules related to private foundations and definitions related to sponsoring organizations of donor advised funds.
The final regulations became effective September 8, 2011. Earlier this year, NACUBO submitted comments in response to Announcement 2011-36, which solicited comments about future changes to the Form 990. The final regulations do not address the specific areas included in the announcement.
Director, Tax Policy
- Broad Coalition Presses for Expansion of Employer-Provided Tuition Benefits
- New GASB Standard Tackles Fiduciary Activities
- New Report Details Charitable Giving to Colleges and Universities
- WEBCAST: Planning Components of Civil Discourse
Wednesday, March 15, 2017 1:00PM ET
- WEBCAST: NACUBO Live! 2017 Student Financial Services Conference
- ON-DEMAND: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
- ON-DEMAND: Compliance Challenges for the New EPA Hazardous Waste Rule
- ON-DEMAND: The ROI of Student Success: Practical Considerations for Measuring and Conveying the Financial Value of Student Support Services
- ON-DEMAND: NACUBO Live! Student Financial Services Conference