The Internal Revenue Service (IRS) has released a draft of major revisions of the Form 990 for public comment and is interested in hearing from the general nonprofit community, particularly encouraging those representing smaller nonprofits.  The new draft proposes significant changes to the ways in which public charities and other exempt organizations will report information on finances, fundraising activities, governance, executive and board compensation, and program services. 

The National Council of Nonprofit Associations (NCNA) has invited IRS representative Theresa Pattara to discuss changes and field questions during a conference call on August 9, 2007 at 3:00 pm EDT.

This is your chance to get answers to your questions direct from the IRS and offer your feedback on the revised form. Your participation in this call will ensure that the IRS final revision of Form 990 increases compliance, promotes transparency, and minimizes the filing burden on nonprofits like yours.