The Most Prevalent Errors on IRS Form 990

The Most Prevalent Errors on IRS Form 990

By: James P. Sweeney, CPA, MBA, MTAX, Yong Zhang, and Barry Epstein, CPA, CMA, MBA

The IRS Form 990 is complicated and still relatively new, but that doesn't excuse errors in reporting. Entered into public record, mistakes on the Form 990 could reflect poorly on your association. Here are some of the most common errors nonprofits make and how you can correct them.

Now that we are in the fifth year of the Internal Revenue Service's new and improved Form 990, it is interesting to note the frequency of some obvious errors still being reported on the form. This article reviews some of the most prevalent errors on Form 990....