The “2013 Form 990” written by Carrie Minnich on Dulin, Ward & DeWald, Inc.’s nonprofit blog, Mission Minded outlines new clarifications in the form. Here’s a snippet:
“The IRS has released a draft of the 2013 Form 990, Return of Organization Exempt from Income Tax, and related instructions. There are no significant changes to the form itself; however, the instructions have been clarified to reflect the following.
The General Instructions:
Clarify that a short period return cannot be filed electronically unless it is an initial or final return for which the “Initial return” or “Terminated” box is checked in Item B of the Form 990 Heading.
Explain that if a Form 990-N filer changes its accounting period, it must report this change either on Form 990/990-EZ or Form 1128.
Clarify that organizations that change their accounting period must report any adjustment required by section 481(a) in Parts VIII through XI of Form 990 and in Schedule D (Form 990), Parts XI and XII, as applicable.”
Read more at Mission Minded.