The IRS form 990

The IRS form 990

no plagiarize, spell check, and check your grammar. Please use the references below.

The IRS form 990 was designed to enhance transparency and promote tax compliance while minimizing the burden for the filing organization. In 300-words, describe the function of the 990. Reflect on at least one of the changes. Demonstrate how the 990 can be used to enhance transparency of a nonprofit organization

References

GuideStar. (n.d.). Retrieved from www.guidestar.org
This site provides an average user with a method to research the legitimacy of a nonprofit organization. Information about any registered charity will be listed, including their financial information in form of the IRS 990. This will help learners demonstrate knowledge of federal and state regulations governing nonprofit agencies and organizations.

IRS fact Sheets help nonprofits comply with laws. (2008, May). Nonprofit World, 26(3), 8.

Worth, M. J. (2017). Nonprofit management: Principles and practices (4th ed.). Retrieved from https://redshelf.com

Chapter 4: Nonprofit Governing Boards
Chapter 6: Ensuring Accountability and Measuring Performance

Answer preview

IRS Form 990 is a file that must be submitted to the IRS by inherently tax-exempt nonprofits, and it contains facts and figures about the specific organizations. These nonprofits must submit this file to the IRS for assessment as it keeps them in line by ensuring that their business performance is in accordance with their public obligations. Nonprofits are usually keen on deliberate and accurate submission of their information in the 990 so that they can look good in the eyes of the public…

(350 words)

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