The Internal Revenue Service (IRS) has announced the release of the redesigned Form 990, the form that public charities and other tax-exempt organizations are required to file annually. The new form will be used for the 2008 tax year starting in 2009 and will be phased in over a three year period for smaller organizations. Many changes have been made since a draft was released after the IRS received more than 650 public comments. The IRS press release states; "For the 2008 tax year (returns filed in 2009), organizations with gross receipts over $1.0 million or total assets over $2.5 million will be required to file the Form 990. For the 2009 tax year (returns filed in 2010), organizations with gross receipts over $500,000 or total assets over $1.25 million will be required to file the Form 990. The filing thresholds will be set permanently at $200,000 gross receipts and $500,000 total assets beginning with the 2010 tax year. Also, starting with the 2010 tax year, the IRS will increase the filing threshold for organizations required to file Form 990-N (the e-postcard) from $25,000 to $50,000. In regards to Schedule C on political campaign and lobbying activity, the same concerns OMB Watch discussed in its comments remain. The 2008 Form 990 and other background materials are available on the IRS Charities and Nonprofits Web site.