Agency Issues Guidelines on Business-Form Release

The IRS has updated its guidelines that explain how charities must make public their filings of the Form 990-T, which lists business activities not directly related to a charity's mission.

As part of the Pension Protection Act of 2006, charities that file the Form 990-T must now disclose their returns to the public.

In Notice 2008-49, the IRS clarifies the rules behind this requirement. Most notably, the guidelines say nonprofit groups must make the returns available for three

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