Reporting requirements: Exempt organization annual returns
Most charities must file annual returns of their activities and finances. Beginning with the 2008 tax year (returns filed in 2009), a redesigned annual return requires organizations that receive donated property to file new Schedule M. The new schedule will enhance the IRS' ability to scrutinize certain contributions for compliance with valuation and charitable deduction requirements.
Additional information - annual exempt organization returns
Form 990 Redesign for Tax Year 2008 (Filed in 2009): Promoting Tax Compliance: Explanation of tax compliance purposes served by new Form 990 Schedule M.