July 30, 2024 – The TEGE Exempt Organizations Council submitted comments on the IRS Series Form 990, which includes feedback to enhance clarity, improve compliance, and alleviate burdens for exempt organizations.

The Council’s submission categorizes recommendations into two key areas: those that are of high priority and those that seek clarification for preparers to ensure improved compliance and consistency in reporting. Additionally, the Council has provided suggestions regarding the electronic filing of returns and the use of third-party platforms. The Council also calls attention to the impact of inflation on reporting thresholds, urging the Service to periodically update these to reflect current economic conditions.

The TEGE EO Council looks forward to continuing its role as a conduit for thoughtful dialogue between tax practitioners and the IRS.

TEGE EO Council Submission_Series Form 990 Comments 7.26.24.pdf