Form 990 Schedule B Disclosure Update

Montana Federal Court Halts IRS Policy that Eliminated Reporting of Donor Information. The IRS announced in Rev. Proc. 2018-38 that it would no longer require most tax-exempt organizations to report the names and addresses of substantial donors. The change did not apply to purely public charities exempt under Sec. 501(c)(3). The court set aside Rev. Proc. 2018-38. It seems, donors names and addresses should be populated for 501(c)(4) organizations. However, it is suppressed in 2018 Lacerte. Is there a way to force donors' info to be displayed? 

Answer

I'm not aware of any plans to change the current functionality in the program. Currently, the 990 module provides the following options;

Exempt Settings Menu (global):

Settings > Options > Items to printPublic Disclosure Copy of Schedule B, the default is set to 'no' but can be changed to 'yes'.

Settings > Options > Tax Return > Schedule of Contributors, the option is available to include a Schedule of Contributors, by default this is set to 'when applicable' but can be set to 'suppress'.

Screen 16.1, Contributions Gifts and Grants (client file specific):

Print Schedule B: 1=when applicable, 2=suppress [O] (code 7) This entry overrides the schedule of contributors supporting schedule default selected in User Options.  

  • '1' = Enter 1 to print the schedule of contributors supporting schedule with Forms 990 or Form 990-PF, or 
  • '2' = enter 2 to suppress the schedule from printing.  Entering a 2 will not mark the Item L box on Form 990 to indicate Schedule B is not required. 

Checkbox - Apply public disclosure copy (code 8)

  • Select the box to suppress the contributor’s names and addresses on Schedule B.  The phrase “Public Disclosure Copy” will print on Schedule B, page 1.
  • Note:  This does not apply to Section 527 organizations, Schedule A worksheets with contributor information or Form 990-PF.

If you continue to have trouble forcing this information to print, please post a follow-up and I'll review further.

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IntuitAlicia , Lacerte Supportability
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