The Internal Revenue Service has issued an updated version of Form 990, which charities are required to file annually to retain their tax-exempt status, and is giving small tax-exempt organizations time to adjust.

The IRS released a draft of the redesigned form in June and received about 700 public comments that led to the final redesign. The final version includes a core form and a series of schedules. The organization filing the form can describe its accomplishments and mission upfront. There are places throughout the form where the organization can explain its activities.

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