The Internal Revenue Service believes that promoting best practices in the areas of governance, management and disclosure will lead to a higher level of federal tax law compliance.
An officer is a person elected or appointed to manage an organization’s daily operations, such as a president, vice president, secretary, or treasurer.
As anyone who has had to compile information for the Form 990 knows, what the IRS is requesting is exceptionally time consuming to put together. If your organization is subject to an au
Form 990, Part VI, Line 11 relates to the organization’s process for filing the Form 990 prior to the form being filed with the IRS. Line 11 includes two parts.
The definition of an independent voting member of the Board of Directors for Form 990 purposes includes four criteria that must be met for independence:
