Our own Get on Board co-chair, Carrie Minnich, CPA, MAcct posted about the “2014 Form 990” today for Mission Minded, Dulin, Ward & DeWald, Inc.’s nonprofit blog.
Her post outlines new clarifications in the instructions which are still in draft form.
Here’s a snippet, a link to her post, and additional useful links:
“The IRS recently posted the 2014 Form 990 to its website. There are no changes to the form itself; however, there are a few changes to the instructions which are still in draft form.
Part VII, Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees and Independent Contractors
Instructions clarify that reportable compensation should not be treated as deferred if deferred from the calendar year ending with or within the tax year to a date that is not more than 2 ½ months after the end of the calendar year ending with or within the tax year.”
Read more at Mission Minded.
Useful related links:
- Which IRS forms must your organization file?
Check out the IRS’s Form 990 Threshold page for more information.
- Need clear answers to IRS questions?
Explore tools and resources at “Stay Exempt“, the IRS’s micro-site.
- Review: Is your organization up to date with your Indiana state filings?
- Learn to read a 990 from “How to Read the New 990”
The Nonprofit Coordinating Committee of New York offers this detailed online explanation of to answer such questions as, “What Can You Tell from Net Assets?”