According to the Wall Street Journal, the IRS is planning to solicit public comment on the current state of the 15-page, 100-question form for a three-month period beginning in June.
The report said that IRS officials are planning to create a form that is more logically organized, containing a main section with questions about an organization’s revenues, liabilities and programs. Beyond that, additional schedules will provide information on certain charitable activities such as lobbying. Still in its early stages, the information requested as part of the revamped form will still fall short of the kind of details required from public companies.
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