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Nonprofits to IRS: Go gently into governance

Policy questions in the revamped 990 prompt changes in behavior but not better governance, advisory group warns agency. A committee of nonprofit executives and lawyers has advised the Internal Revenue Service to tread carefully when examining nonprofit governance policies referenced in the new IRS Form 990. As the IRS digs deeper into nonprofit practices in the revamped annual tax form filed by associations and nonprofits, it asks questions about specific governance policies, including conflict of interest, document retention and whistleblowing. On June 11, as part of an annual meeting between nonprofit executives and IRS officials, the Advisory Committee on Tax Exempt… Read More