Not-For-Profit Perspectives – October 2015 Newsletter
October 21, 2015
Prepare for the Revised Schedule L Requirements
The intricacies and complexities of the Form 990 change with every filing year. In 2014, the Internal Revenue Service (IRS) made only minor changes to the core Form 990.
However, the IRS did make some significant changes to some of the supporting schedules. Among these changes were updates and revisions made to Schedule L (Transactions with Interested Persons).
In this issue of Not-For-Profit Perspectives, we review the specific updates and revisions made to Schedule L. Revisions to this schedule require an organization’s attention to ensure that their reporting requirements are properly fulfilled.
Get the latest issue of SC&H Group’s Not-For-Profit Perspectives newsletter now to learn more about these revisions.