Charity Board Members Inspect New Tax Forms - WSJ.com: "Charities' board members and staffs need to pay close attention to new, more detailed disclosure requirements in their annual filing with the Internal Revenue Service -- or risk hefty penalties.
The revised Form 990 underwent its first big overhaul in decades and has a greater emphasis on board governance, transparency and accountability. The forms are due four months and 15 days after the close of a charity's fiscal year, which comes on May 15 for many charities. Officers who sign these forms are liable for any false statements."
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