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Form 990 Redesign for Tax Year 2008 (Filed in 2009): Preparing to File

What can I do now to prepare for the 2009 filing season?

Each organization should consider taking steps before the end of its 2008 tax year in order to be fully prepared for the new form’s changes. These steps include reviewing the new Form 990-EZ filing amounts (see Effective Date of Redesigned Form) to determine whether the organization may file the short form instead of the new Form 990 for the 2008 tax year. Other steps include reviewing the draft form, schedules and instructions available on the IRS web site (see Preparing to File) to become familiar with the new form, schedules and instructions.  Organizations may want to begin identifying those schedules they may be required to complete, and their related organizations, officers, directors, trustees, and key employees, which require special reporting.  The organization’s management and governing body should consider reviewing Part VI, Governance, Management, and Disclosure, in order to become familiar with that part’s new governance reporting, and to determine whether the organization wishes to make any changes to its existing governance policies and practices before the end of its 2008 tax year.    

Page Last Reviewed or Updated: 06-Nov-2012