The IRS is requiring charities, trade associations and nonprofit groups to open up their books and shed more light on executive compensation, governance and operating standards. But in the process, the IRS has also conceded some ground to tax-exempt organizations, burying compensation information inside the document, streamlining reporting schedules to eliminate burden for some groups and omitting the reporting of lobbying activities by 501(c)(3) organizations. Organizations of varying sizes, based on revenue and assets, will be allowed to phase-in their use of the new forms through 2010. Changes to the Form 990, released days before the holiday break will require… Read More