Dec 10 2009

IRS Develops Examination Materials to Study Exempt Organization Governance

As noted in a previous post, the IRS has developed a two-page check sheet to be used by IRS Exempt Organizations agents to gather data about the governance practices and the related internal controls of tax-exempt organizations under examination.  The check sheet contains several questions from the governance section of the revised Form 990. The data will be included in a long-term study that the IRS hopes will create a better understanding of the relationship between governance practices and tax compliance.   The check sheet and other governance-related materials are now available on the IRS website.