delawareonline ¦ The News Journal ¦ Form 990: Not just another tax form: "Form 990: Not just another tax form
Cover & Rossiter, P.A.
03/28/2006
Most nonprofit organizations must file a Federal Form 990 (“Return of Organization Exempt From Tax”) with the IRS on an annual basis. Although filed with the IRS, your 990 should not be thought of in the same terms as other tax forms.
IRS enforcement in the nonprofit arena has been virtually nonexistent. As long as it is filed on a timely basis, you will rarely be taken to task by the IRS for issues with the accuracy of your 990. That doesn't mean the 990 should be considered a compliance document, to be dispensed with as speedily as possible. The 990 should be considered as much a PR document as a tax filing."
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