The IRS is seeking comments on Schedule A and Schedule B to the Form 990.

As you may know, Schedule A to the Form 990 requires Code Section 501(c)(3) organizations and Code Section 4947(a)(1) nonexempt charitable trusts to disclose contribution information to help determine whether the organization/trust satisfies the public support test and can therefore be classified as a public charity.  For more information on the public support test, click here.

Schedule B to the Form 990 requires exempt organizations to disclose their contributors.  Depending on the type of exempt organization filing the Schedule B to the Form 990, information disclosed on this schedule may be open to public inspection.

The IRS is seeking comments focused on: (1) the usefulness and clarity of the information required to be disclosed on the aforementioned schedules, (2) the burden placed on exempt organizations to compile and disclose the required information, (3) how the IRS can help minimize the burden placed on exempt organizations (e.g., automated collection techniques) and (4) the estimated costs of providing the required disclosures.

Comments on Schedule A and Schedule B to the Form 990 are due to the IRS by September 14, 2015.  Comments should be addressed to Christie Preston, Internal Revenue Service, Room 6129, 1111 Constitution Avenue N.W., Washington DC 20224.

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