Topic

tax-transparency

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U.S. Treasury Announces IRS Will Revise Form 990 to Require Nonprofits to Disclose Government Grants and Fiscal Sponsorships

thehindu.com

world45 days ago

U.S. Treasury Announces IRS Will Revise Form 990 to Require Nonprofits to Disclose Government Grants and Fiscal Sponsorships

The Treasury Department on April 23 said the changes aim to improve transparency and strengthen oversight of nonprofits receiving public funds. Treasury Secretary Scott Bessent stated the revision ends the practice of hiding fraud and abuse behind complex arrangements.

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