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New IRS filing requirements for nonprofits could bring tough decisions for small charities

By Alliance Alert

Observer-Reporter: "Betsie Trew said new requirements for organizations that file Form 990 - the first in three decades - are being required by the Internal Revenue Service to disclose much more information about themselves and their organizations' missions . . . With the new filing rules, Trew said smaller charities may be faced with the prospect of merging with another nonprofit to continue their mission or going out of business because they aren't equipped to deal with more stringent operating requirements."

Full post as published by Constitutionally Correct on September 08, 2009 (boomark / email).