Crowe Horwath launched the seventh version of the accounting and technology consulting firm’s Tax Risk Assessment and Control (C-TRAC) software. Launched in 2008, C-TRAC helps tax-exempt organizations meet tax reporting requirements.
Tax-exempt entities must file the Internal Revenue Service’s Return of Organization Exempt from Income Tax Form 990 and related schedules, which can mean hundreds of individual forms for a large multi-entity organization, such as health care providers, universities and private foundations. Because these returns are public documents and readily accessible, consistent reporting and presentation of an organization’s information is critical to ensure public support to continue an entity’s tax-exempt status.
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