The IRS has released the 2013 filing instructions for Form 990 - Return of Organization Exempt From Income Tax. While much of the form remained consistent with the prior year, there are several clarifications that were made. Most of these clarifications will not result in a change in reporting, as they do not change the prior reporting requirements. A few highlights to be aware of include the following:
 

Part IV

• Line 2 - Checklist of Required Schedules: Clarifies when an organization can exclude from Schedule B contributors that fall below the greater-than-$5,000/2% threshold. An organization filing Schedule B can limit the contributors it reports on Schedule B using the greater-than-$5,000/2% threshold only if it meets the 33 1/3 support test in either the current or the past year (not the 10% facts and circumstances test) or if it is in its first five years of existence. If these prerequisites are not met, the organization must report all donors over $5,000.

Click here to read more on the big changes of Form 990.