The Internal Revenue Service is seeking public comment on the draft instructions to the redesigned 2008 Form 990 that most tax-exempt organizations must use to report information about their operations. The instructions are for the final form that was released in December 2007.
The IRS said in a news release posted on its Web site that it is seeking the comments on the instructions in order to make sure they meet the needs of the tax-exempt community. The comment period is open until June 1. Included with the instructions are highlights indicating certain items in the instructions on which the IRS is especially soliciting the publics thoughts. The IRS said it will post the comments on its Web site.
The draft instructions include new tools designed to make it easier for the organization to answer questions and to promote more uniform reporting, including a comprehensive glossary of terms, the IRS said. Comments on the instructions should be e-mailed to[email protected] in text format. -- by Cinda Becker
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