IRS and Treasury Announce Proposed Updates to Form 990 Reporting Requirements
On April 23, 2026, the U.S. Department of Treasury announced plans for the Internal Revenue Service (IRS) to revise the Form 990. The IRS and Treasury expect to publish proposed regulations and provide opportunities for public comment before finalizing any reporting changes.
The goal of the changes is to strengthen tax administration, improve transparency and provide clearer reporting on certain activities. The form expects to provide additional information on government contracts, government grants and fiscal sponsorship arrangements and intends to detect misconduct and hold wrongdoers accountable.
What Not-for-Profit Organizations Should Know Moving Forward
These plans are not finalized and changes could take place prior to the Form 990 being modified. Not-for-profit organizations should remain aware of these proposed developments and be prepared to evaluate how expanded disclosure requirements could impact their reporting processes. We will continue to keep you appraised of future developments as they occur.
If you have any questions about these pending changes, please reach out to Katie Galaska, Director, Not-for-Profit Industry Group, or contact any member of our Not-for-Profit Industry Group.