Re: Changes to law regarding tax-exempts

[petersr@spiegel.becltd.com (Peters, Rise J.)]

Poster: petersr@spiegel.becltd.com (Peters, Rise J.)

Tibor, you're right that the requirement to have 990s available for 
inspection was "law long before July of this year."  Apparently the Congress 
got ticked off because folks asking for copies of Form 990 were being given 
a run-around, and so they passed a requirement that it be made "immediately" 
available, that there not be excessive copying or processing charges, and 
imposed a fairly hefty penalty for failure to comply.  The statute passed in 
July was designed to put teeth in the pre-existing requirement to keep the 
thing on hand.


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