Now in its 17th year, PPC’s 990 Deskbook includes unique roadmaps for each form that provide line-by-line references to the primary key issue(s) of the Deskbook that deal with that line item or topic. The key issues cover the topics and include workable solutions, examples, and practice aids to help you resolve compliance issues in a timely, efficient manner for your clients. Make this Deskbook your primary resource manual for your tax-exempt clients.

This Deskbook includes:

• Practical guidance in a key issue format that give you and your staff quick answers to your questions.
• Over 270 key issues that answer the tough reporting questions; discussed and illustrated using authoritative references, real life examples, and filled-in forms.
• A unique Quick Reference Binder full of practice aids that place important information at your fingertips and are designed to save you time and money. Includes several checklists, elections, statements, worksheets, and other quick reference practice aids as well as numerous non-tax return practice aids needed by a tax-exempt organization.

Tax-exempt organizations continue to be one of the key enforcement objectives of the IRS Strategic Plan, so properly completing these forms is more important than ever.

Here are some of the features contained in the 2009 edition:

The IRS completely redesigned Form 990 to facilitate enforcement efforts. The core Form 990 has ballooned to 11 pages and contains 16 separate schedules that may need to be attached. Additionally, more organizations will be allowed to file Form 990-EZ for 2008. PPC’s 990 Deskbook includes a brand new chapter covering Form 990-EZ and the related schedules (up to seven). Nine other chapters are completely rewritten to cover the revised Form 990 and related schedules.

Rewritten chapters are as follows:

1. General Filing Information—Form 990

2. Highlighting an Organization’s Accomplishments

3. Governance, Management, and Required Disclosure

4. Compensation Reporting

5. Reporting Revenue

6. Reporting Functional Expenses

7. Balance Sheet Reporting Issues

8. Other Schedules That May Be Required

9. Political Campaign and Lobbying Activities

10. Preparing Form 990-EZ

NEW Client Organizer. To help efficiently gather the information needed to prepare an accurate return.

New emphasis on Governance, Management and Disclosure. The newly revised 990 includes an entire page of questions devoted to board composition, authority and activities. Disclosure requirements for existence of and compliance with policies and procedures for conflict of interest, compensation review, board review of Form 990, and more. New Chapter 3 guides you through these questions and provides several practice aids.

Enhanced compensation reporting requirements. Organizations face multiple reporting requirements for compensation of current and former trustees, directors, officers, and key employees. New Chapter 4 untangles the complex rules associated with Part VII of the core Form 990 as well as the new Schedule J.

Sixteen schedules highlight an organization’s contributions, fundraising activities, related party transactions, foreign activities, and more. These are covered throughout the newly written chapters.

Since Form 990 is a publicly disclosed document, increased transparency means it’s easier for both the IRS and potential donors to scrutinize an organization’s activities. Properly completing the return is more important than ever!

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