2012 Changes To The Form 990 For Exempt Organizations

The 2012 Form 990 and Form 990-EZ for tax year 2012 contain certain changes. The due date for filing the required return for an exempt organization that is on a calendar year taxable year is May 15, 2013, unless the organization obtains an extension to file. The Form 990 instructions highlight several important changes of which exempt organizations should be aware.

Donor Acknowledgements

The instructions clarify that if an organization accepts a contribution in the name of one of its activities or programs, the organization should indicate the organization's name in the donor acknowledgement as well as the activity or program name.

Reporting Income and Shares of Assets of Joint Ventures or Partnerships