IRS Issues Training Tools for Completing New 990
In a very forward-thinking move, the IRS has issued a set of training materials for completing the new Form 990, including a case study and a series of videos. We applaud this initiative as there is no such thing as too much information when it comes to dealing with the new form. Recently, we did some research for a client on where to report particular items such as split dollar insurance and 457(f) plan contributions; in doing so, we discovered that even the very extensive matrix in the 990 instructions (see page 25) doesn’t cover everything but we received excellent service from the group at the IRS responsible for the Form 990 instructions. The IRS indicated to us that the instructions are necessarily a work in progress and will be improved and enhanced over time based on user feedback.
- Comments Off on IRS Issues Training Tools for Completing New 990
