Recently, the U.S. Treasury Dept. provided some details about the forthcoming revised IRS Form 990 (an information return used by tax-exempt organizations). Among other things, the new form will require clearer reporting on fiscal sponsorships. These occur when nonprofits provide an administrative umbrella for new charitable projects, sparing them the burden of immediately obtaining tax-exempt status themselves. The new Form 990 is also likely to request more information on foreign activities, particularly details on international donors. Nonprofits can start preparing for these changes by increasing documentation and improving recordkeeping. Contact us for guidance. © 2026