Why IRS Form 990 is so Important for Your Nonprofit Organization

Many nonprofit organizations and their CPA’s and attorneys don’t realize the serious penalties imposed by the IRS for filing Form 990 late, or for filing an incomplete return.

Did you know that simply failing to check a box and forgetting to attach a Schedule B to the Form 990 can result in penalties?

I hope after watching the video above you’ll see the necessity of devoting some of your organization’s resources to preparing a proper and timely Form 990. A well-prepared Form 990 creates transparency and trust in the community and makes donors feel more comfortable that their money is truly being put to good use.

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