IRS Releases Draft Instructions for Redesigned Form 990

The Internal Revenue Service (IRS) released draft instructions for the redesigned Form 990 and is requesting public comments through June 1. In its announcement, the IRS notes that the instructions include "highlights lists indicating certain items in the instructions on which the IRS would especially like to receive public comments. As with comments received on the draft Form 990, the IRS plans to post comments on the instructions on its Web site." The IRS also included some resources to make filling out the 990 easier, including a glossary of terms, a list to help determine the order in which to fill out the form, and some examples. These instructions, available on the IRS Web site, are important for understanding how to fill out the new form.
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