Not For Profit/Exempt Organizations Blog

Monthly Archives: December 2013

Governor Cuomo Signs New York Non-Profit Revitalization Act of 2013

The New York Non-Profit Revitalization Act of 2013 (the “Act”), which was passed by the New York State legislature in June, was signed into law by Governor Andrew Cuomo last week. The Act seeks to modernize the New York Not-For-Profit Corporation Law (the “NPCL”), and is the first major overhaul of the NPCL in four decades. … Continue Reading

IRS Draft of 2013 Form 990 and Instructions

Earlier this year the IRS issued drafts of the 2013 Form 990, Return of Organization Exempt From Income Tax, and 2013 Form 990 Instructions.   Although there were no major changes to the Form 990, there were several changes and clarifications in the draft instructions, including: Short Period Returns.  The draft instructions clarify that a short … Continue Reading
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