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Treasury Dept.: Form 990 Initiative to Improve Transparency

Summary by LexBlog
The Department of the Treasury announced on April 23, 2026, that the Internal Revenue Service (IRS) will be revising the Form 990 to “improve transparency, strengthen tax administration, and provide clearer reporting on certain activities of tax-exempt organizations described in section 501(c)(3) of the Internal Revenue Code. . . . The changes are intended to detect misconduct and hold wrongdoers accountable.” Specified activities include govern…
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LexBlog broke the news on Friday, May 15, 2026.
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