The Internal Revenue Service (IRS) just released the first major overhaul of its not-for-profit reporting rules in almost 30 years.
This significant redesign of the 2008 Form 990, Return of Organization Exempt from Income Tax, is based on three guiding principles: enhancing transparency of the finances, promoting tax compliance, and minimizing the burden on the filing organization, according to the IRS.
For its final form, the IRS took into account nearly 700 comments from nonprofit leaders, accountants, and state regulators after it released the Discussion Draft in June. Although the final version retains most of the content, format and structure of the draft version, the IRS said it made numerous changes in content and design.
Now is the time to understand the proactive measures and best practices that tax exempt healthcare organizations can take in completing Form 990 in order to comply with the new requirements. Many organizations will need time to make decisions and establish or modify reporting systems to comply with the new rules – Don’t wait!
Get the details and insight surrounding the new Form 990 requirements by participating in “The Redesigned IRS Form 990: What Non-Profit Organizations Need To Know Now To Comply With The New Reporting Requirements,” an important 90-minute audio conference that took place in January 2008.
"Attend" this program right in your office, along with your colleagues, and enjoy significant savings – no travel time and no hotel expenses! And bring any questions you need answered by our expert panel.
Order Today!Agenda
- The IRS’s new emphasis on transparency and accountability for tax-exempt organizations
- Impact of the redesigned Form 990 on tax-exempt healthcare organizations
- An overview of the final IRS redesigned 2008 Form 990 and supplemental schedules A through R
- Effective dates; applicable organizations and transitional relief
- Major changes between the June 2007 discussion draft and the December 2007 final redesigned Form 990
- Understanding the new significant additional reporting issues
- The controversial Schedule H for not-for-profit hospitals
- Measuring community benefit
- How tax-exempt health care organizations can develop the required reporting systems
- Practical recommendations and considerations
- Question and answer session
All non-profit organizations with titles:
CEO/President, COO, CFO, VP or Director of Finance, Controller, VP or Director of Operations, Executive Director, SVP, EVP, Administrator, Managing Director, Tax Director, Accountant, Senior Non-Profit Organization Executives
Order Today!©2008 Health Resources Publishing