Form 990 schedule, instructions for 2013 - Schedule B 

October 24:  The IRS posted the final version of the Form 990-series Schedule B, Schedule of Contributors, and instructions for for tax years beginning in 2013.

The Schedule B and instructions do not contain any significant changes from the 2012 instructions.

KPMG observation

The draft 2013 Form 990 instructions proposed changing the requirements when an organization may exclude from reporting on Schedule B those contributors that fall below the greater-than-$5,000 / 2% threshold. However, no corresponding change appears in Schedule B or its instructions.

Read TaxNewsFlash-Exempt Organizations: Draft 2013 Form 990 Instructions clarify Schedule B reporting


Until the IRS releases final 2013 Form 990 instructions, it is unclear whether this change will be adopted.

A reference to a Form 990 webpage on the IRS website has been added.

KPMG observation

KPMG tax professionals have annotated a version of the new schedule and instructions—with new language noted with “yellow” highlights: Schedule B Instructions

Read TaxNewsFlash-Exempt Organizations: Form 990 schedules – 2013 Schedule C instructions for a recent discussion of other final 2013 Form 990-series schedules and instructions.

For more information, contact:

Rick Speizman, Partner-in-Charge of KPMG's Washington National Tax Exempt Organizations Tax group

+1 (202) 533-3084

©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

Share this

Share this


Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.

Email your contact information.

TaxNewsFlash-Exempt Organizations by year