A new law goes into effect in 2020 with the Internal Revenue Service (IRS) now mandating nonprofits to begin electronically filing (e-filing) their Form 990. This law will affect thousands of nonprofits e-filing for the first time.
The Program on Philanthropy and Social Innovation at the Aspen Institute presents an introductory brochure with easy to follow information related to the guidelines set forth by the IRS. There are limited exceptions for some nonprofits with this new law, so organizations are advised to read the IRS rules carefully.
Download the brochure here: Opening the 990: Information and Tools for Driving Impact
Included in the PSI brochure are:
Please consult your tax advisor, accountant, or in-house finance executive, to determine the best course of action regarding your nonprofit's own tax filing.
About the Program on Philanthropy and Social Innovation at the Aspen Institute