2011 Form 990: Reporting Requirements for AMCs

2011 Form 990: Reporting Requirements for AMCs

By: Deborah G. Kosnett

When an association that is operated by an association management company files its IRS Form 990, it must pay close attention to various reporting requirements that differ from the requirements for an association with a standalone staff. For instance, do you know if your AMC would qualify as an "independent contractor" or a "key employee"? Here is guidance on the specific requirements for AMCs on the Form 990.

Few will argue that IRS Form 990 has assumed increasing importance in recent years as a public document, especially since the form's extensive overhaul in 2008. What do association management companies need to know about Form 990 reporting requirements for management companies? Here's an overview of the AMC-specific provisions of Form 990....